What Are Your Mortgage Foreclosure Alternatives?

You know you are in financial difficulty. Making your mortgage payments has become a problem. You have a lot invested in your home here in Michigan and don’t simply want to walk away, but now the specter of foreclosure is in the future and you want to know what you can do to save your home.

We Can Help With Alternatives To Mortgage Foreclosure

If you miss a payment, your mortgage may already be in default, which may allow the lender to accelerate the terms of the mortgage and demand payment of the entire outstanding loan amount. If you can’t pay, they likely will begin foreclosure proceedings. But with the help of The Law Offices of Joseph C. Bird, PLLC, you may be able to avoid that misfortune.

Our attorney can help you understand your options and can work with you and your lender or loan servicer to attempt to resolve your issues. Our lawyer understands intimately the details of mortgage loans, the foreclosure process and the types of alternatives to foreclosure that a lender is most likely to accept.

Some potential alternatives to foreclosure:

  • Special forbearance
  • Loan modification
  • Partial claim
  • Preforeclosure sale
  • Deed-in-lieu of foreclosure
  • Reverse mortgage
  • Second mortgage

We Protect Your Rights And Prevent Lender Abuse

Mortgage lending and foreclosure is a technical area of the law. We have worked with a wide range of these cases, and we can identify issues with your mortgage and by assertive negotiation with your lender or servicer.

Because we understand these issues, a lender is more likely to be willing to work with you when we represent you, as they know they cannot manipulate you or frighten you into accepting even a less favorable agreement.

We can work to modify loan agreements, potentially reducing interest rates or achieving other modifications that allow you to remain in your home and successfully make your payments. We understand that this can be an exhausting process, and we can help take on the technical details and remove some of the stress you experience.

Contact Us Today

For experienced assistance with foreclosure related matters in metro Detroit, call our Birmingham office at 248-658-8590, and find out how we can help you or use our contact form.

Se Habla Español.