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Loan Modifications and Short Sales

Life can be uncertain and challenging. A few unexpected expenses can easily cause you to fall behind on your monthly mortgage payment. Once behind, many home owners find it impossible to catch up as they become trapped in a downward spiral of late fees and overdraft charges. This feeling of being stuck in debt “quicksand” can be confusing and terrifying. Often, your home is the most valuable asset you own, and the thought of losing it and having your family displaced can cause many sleepless nights for homeowners.

Victorem Law Group can help. Our experienced team of real estate attorneys and paralegals can speak to the bank on your behalf and help you negotiate a solution that allows you to catch up on your mortgage payments and stay in your home. Often, the banks are willing to work with mortgage borrowers to create a reasonable compromise if the proper steps are taken to demonstrate a legitimate hardship on behalf of the borrower. Victorem Law Group can help you navigate this terrain to ensure you reach the best compromise possible with your lender.



In the unlikely event a loan modification cannot be reached, Victorem Law Group can advise and assist you in negotiating a short sale with your lender. There are occasions where financially it makes more sense to cut your losses and walk away from your property, rather than to try to come current on your home loan. In these situations it is important to have knowledgeable legal representation to ensure you are not hit with unforeseen tax consequences or unwanted deficiency judgments. Victorem Law Group can help you through this process and ensure your interests are protected. Contact us today.