You Have Options To Avoid Foreclosure
In the present economy, the loss of a home is now either desirable or is a necessity for many current homeowners. Yet, despite this fact, foreclosure will rarely serve homeowners’ best interests.
If you face foreclosure, consider exploring foreclosure alternatives by meeting with the Ann Arbor avoid foreclosure lawyers of Marrs & Terry, PLLC. Our consultations are free, and we have helped thousands of clients reduce debt and avoid foreclosure.
What Are The Alternatives To Foreclosure?
When attempting to avoid foreclosure, two options are often the most viable:
- Deeds in lieu of foreclosure. When you pursue a deed in lieu of foreclosure, you sign the deed to your home over to your lender. As a result, you are no longer responsible for the property and will not have a foreclosure on your lending record.
- Short sales. With short sales, you avoid the hassle of preparing your home for showings, and, when it sells for less than the value of your current loan, you are not responsible for the deficiency.
We can help you with either option, when they are available. We can also navigate complexities and risk. For example, your lender may want you to sign a document stating that you are responsible for deficient funds, or you may face difficulties if there is more than one loan.
We Can Help Prevent Foreclosure. Contact Us Today.
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