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I'm Upside Down On My Mortgage! What Should I Do?

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Being "upside down" basically means that you owe more on your mortgage than your house is currently worth. This is also referred to as being "underwater." First, decide whether you want to stay in your home or walk away from the situation.

Want To Keep Your Home?

A LOAN MODIFICATION is well-worth looking into. Loan modifications are an ideal way to AVOID FORECLOSURE or the threat of foreclosure. In a loan modification, the lender may restructure the terms of your mortgage to give you a payment that you can afford. Loan modifications typically take from three to eight months.

As industry leaders in our field, we'll negotiate with your lender and arrange an agreement that works for you and your budget. If your lender is threatening foreclosure, you have tremendous rights! We'll use the legal system on your behalf to help you MAINTAIN OWNERSHIP of your home. Every homeowner should have a fighting chance, and we will fight for YOU!

Want To Get Out?

You may consider a SHORT SALE if you decide you'd rather leave your home and start a new life. A short sale means that the property is sold for less than what is owed. Sometimes a bank wants you to be responsible for the difference between what the property sold for and what is owed on the property. Our aim is to make sure that this doesn't happen! We advocate on your behalf to help eliminate your responsibility for deficiency or loan forgiveness. Our goal is to prevent you from having to sign a promissory note or having the bank come after you for a deficiency judgment.

Want To Walk Away?

A DEED IN LIEU OF FORECLOSURE allows you to do just that. You hand the keys back to the bank. You sign some documents, and then you can just walk away. We work to make sure the lender does not come after you for any additional funds in the future.

To find out more about how the Law Offices of Daryl L. Jones can help you, CALL NOW TO SCHEDULE YOUR CONSULTATION. CONTACT US AT 844-694-6631 and schedule your consultation TODAY!!