Fighting to Keep Your Home Through Negotiation
With foreclosures on the rise, banks are more open than ever to negotiate terms of an existing home mortgage loan. At Cabanillas & Associates, we can serve as your representative and advocate in finding a solution, which lowers your monthly mortgage payment and keeps you in your home.
You may be able to avoid foreclosure if you take action by negotiating a loan modification or a short sale. The first step is to contact us at our White Plains, New York, office at (914) 290-4403.
Doing What So-Called Loan Modification Companies Won't
If your goal is to keep your house from going into foreclosure, a loan modification may be one of your best chances. At Cabanillas & Associates, we will review all related documentation with attention to every detail prior to working with your bank. We will then try to work an appropriate modification of your mortgage that will help you stay in your home.
The help of an attorney in this complex matter is vital. Unlike modification companies, we conduct a detailed analysis of the existing mortgage to identify the possibility of state or federal law violations. If we succeed in finding a violation, we are better able to leverage your position during negotiation.
Helping You Through the Process of a Short Sale
While you may not want to consider giving up your home, a short sale may be a viable option to avoiding foreclosure. We handle all aspects of a short sale from working with your lender, helping you put the property up for sale, and negotiating time for you to stay in the home while the house is marketed and sold.
Knowing that the market value of the property will be less than your mortgage, we work with your bank to get approval of a sale for less than what is owed and strive to have the bank release you from any further liability in regard to the balance of the loan. If you are going to lose your home, you deserve a "clean slate." We can help.
Contact Us
For more information or to schedule an appointment with an experienced lawyer regarding a loan modification or a short sale, please contact us. We represent clients in New Jersey, New York and Connecticut.
