Our Services

Loan Modification
A loan modification is a great solution for a borrower who wants to stay in their property, but cannot afford the current payment due to a recent adjustment in the interest rate,change in the terms of ones loan or a temporary/permanent financial hardship. In this situation, a loan modification is an ideal solution because it will help lower the monthly payments to an affordable amount. Whether or not you fit HAMP guideline we may still be able to assist you in getting an affordable payment through an attorney driven loan modification.We have helped many of our clients achieve successfully attorney driven loan modifications even after they have been declined from their lender. In some cases clients have been declined as many as three times from their lender and we were able to help negotiate a loan modification. Investors on mortgage notes may change without your knowledge and so will loan modification underwriting guidelines. Even if you are current with your mortgage but can show eminent hardship/default. If you are currently behind on your mortgage payments a loan modification may be the right solution to help you avoid foreclosure. Even if you have been previously turned down. Please see our loan modification information page for more information or to see if you if you qualify for a loan modification. 

SHORT SALE
A Short Sale or Short Pay is when the lender agrees to accept a sales price of fair market value for your property despite the mortgage or mortgages totaling more than what the property is worth. Many people find themselves falling behind, or are already behind on their mortgage payments and do not realize that there are options available. When you owe more than your home is worth a short sale is an excellent way to avoid foreclosure, as long as it is done properly by a qualified attorney. The lender agrees to take a loss on the property and writes off the difference between what was owed on the property and the final sales price. In most cases, the lender is willing to take less than what is owed on the property to avoid the high cost of foreclosure proceedings. Negotiating a short sale with your lender can help you avoid a foreclosure or filing for bankruptcy protection. A short pay off to your lender is very popular these days due to the drastic decline in property values and homeowners ability to sell their home for what is owed. A short sale is more favorable than having a foreclosure on your credit report and will eliminate your responsibility to your lender at the close or the short sale transaction. If your property has lost significant value and you are unable to sell your home for what is owed and do not qualify for a refinance or a loan modification a short sale may be the best option for you to avoid foreclosure. Contact The Feldman Law Center today to see if a short sale is an option for you or to apply.

Why do a short sale?
When your lender sees an attorney is involved in negotiating a short sale they will typically freeze foreclosure efforts and postpone a trustee sale date to allow the attorney ample time to negotiate a short sale. Short Sales are a benefit to the consumer because they stop foreclosure and prevent the lender from suing for the difference between what is owed on the home and what the home was sold for at auction. Most lenders and mortgage servicers would rather see a short sale negotiated rather than endure the high cost of foreclosure.By entering into a voluntary agreement with the lender, you ultimately stop foreclosure and your credit report does not merit a FORECLOSURE entry. This will help when you want to qualify for a new property and show other creditors you made a best effort to avoid foreclosure. A short sale also provides the peace of mind because you will know exactly when the sale will close. This will give you ample time to vacate the property. There is no risk that the sheriff will come to your door to evict you.

BANKRUPTCY
A bankruptcy can either completely eliminate all your unsecured debt or restructure your debt and offer you a repayment plan typically over 5 years. A bankruptcy can be a great tool to help restructure debt and get your life back on track, allowing most people to keep all their assets by reaffirming certain debt. Feldman Law Center can help you with bankruptcy information and our law firm works with a number of qualified bankruptcy attorneys that can review your ssituation and recommend a detailed plan of action. Bankruptcy applicants must pass a means test to determine if they qualify for a bankruptcy chapter 7 or chapter 13 reorganization. A bankruptcy can also eliminate a unsecured 2nd mortgage lien as well. Please see our bankruptcy information page for more information or to see if you if you qualify for a bankruptcy.

DEED IN LIEU OF FORECLOSURE
The deed in lieu of foreclosure offers the borrower and lender several advantages under certain circumstances. The best advantage to the borrower is that it releases them immediately from all debts associated with the delinquent loan. Deed in lieu also prevents the public notoriety of a foreclosure proceeding. If you have been unable to make your monthly mortgage payments and have not been able to sell your home at fair market value, a deed in lieu of foreclosure may be the best option. Deed in lieu of foreclosure can help avoid foreclosure. The procedure allows you to transfer the title to the property over to the lender voluntarily and your debts are usually forgiven. The process will not save your home, but it will protect your future. A deed in lieu is harmful to your credit, but it is less harmful than an actual foreclosure. Contact Feldman Law Center today to see if Deed In Lieu is an option for you.