Montgomery & Prince George's County Short Sale Lawyer
If you owe more on your mortgage than your house is worth, you are not alone. Predatory lending and other questionable lending practices ultimately caused the housing bubble to burst. At The Law Offices of Richard B. Rosenblatt, PC, we understand the devastation of losing the value of your investment. You may be part of a larger trend, but our top priority is to mitigate your losses.
Whether you can no longer afford your property or need to sell your house, options are available. This is a highly complicated area of real estate. Financial institutions are decentralized, providing homeowners with minimal opportunities to obtain real options over the phone. In fact, experienced legal counsel can be invaluable to prevent a foreclosure. Contact our law firm today to meet with a highly skilled Prince George's County short sale attorney.
Seeking to Help Homeowners Avoid Foreclosure Through Short Sales
Our law firm's founding attorney, Richard Rosenblatt, has more than 20 years of experience offering debt relief solutions and foreclosure defense throughout Maryland, Virginia and the District of Columbia. He knows firsthand how to help homeowners who are upside down on their mortgages avoid foreclosure, even when their banks are initially unresponsive.
During an initial consultation, attorney Rosenblatt will listen to your situation, while seeking to determine if pursuing a short sale is a viable solution. In a short sale, the lender absorbs the loss when a property sells for less than what is owed on the mortgage. Traditionally, lenders have not welcomed the idea of a short sale, but the economic recession has spurred an increase in them. Attorney Rosenblatt is a seasoned negotiator experienced in striking deals with lenders. He knows how to position short sales as a benefit to lenders who are ultimately faced with substantial implications when properties go into foreclosure.
To gain approval for a short sale, homeowners generally need to meet certain requirements. Often, lenders won't consider a short sale unless the homeowner is behind on mortgage payments or the pre-foreclosure process has started. A hardship such as unemployment or a death in the family can be used as a bargaining tool to get approval for a short sale. We are committed to guiding you through the maze of the short sale process so you can avoid the downfall of a foreclosure.
Skilled Rockville, Maryland, Deed in Lieu of Foreclosure Attorney
Our law firm is committed to helping homeowners upside down on their mortgage find real solutions. If you want to strike a deal with your lender without owing any money, consider pursuing a deed in lieu of foreclosure. This is a proactive measure in which homeowners turn their keys over to their lender and walk away from their property. In the past, lenders were often unwilling to consider this as a solution. Experienced legal counsel can be invaluable in negotiating with banks to consider the value of this option.
Attorney Rosenblatt is highly experienced at striking deals with lenders through emphasizing a homeowner's commitment to pursuing every option possible to avoid foreclosure. In some cases, lenders are willing to avoid the long, costly foreclosure process through approving a deed in lieu of foreclosure.
Contact Our Silver Spring Avoid Foreclosure Law Firm
Our top priority is to help you avoid the negative implications of foreclosure. Contact us online or call 301.637.0402 to schedule a consultation with a highly skilled foreclosure defense attorney. We are committed to helping you find a solution based on your specific circumstances.