Christopher Todd Marks Real Estate Law Blog on Lawyers.com

Avoiding Foreclosure in Tampa

Wednesday, May 25, 2011 by Christopher Todd Marks

Our first and favored goal as Tampa real estate lawyers is to help you avoid foreclosure and obtain a monthly mortgage payment that you can handle comfortably. Our experience in these matters tells us that you are far more likely to get such a favorable outcome if we work with your lender before the situation becomes untenable. We can advise and assist you in taking the initial steps that may help you avoid foreclosure:

Explain your situation
Provide financial information
Do not abandon the property
Seek credit counseling

Unfortunately, there are many times when Tampa, FL foreclosures cannot be averted. But even once a foreclosure has been initiated, there are numerous ways we can help you fight for the best available outcome to this challenging problem:

Negotiate with your lender
Analyze the terms and conditions of your mortgage
Assess your overall financial condition
Fight cases of predatory lending
Advise on short sales and other options
Defend your interests in court, if necessary

We base our strategies on understanding of consumer credit laws, newly created federal programs, credit bureau tactics, and persistence on behalf of our clients.

We stand ready to advise you on the alternative solution that best fits your situation:

Declaratory relief
Deed in lieu of foreclosure
Equitable redemption
Hard money second
Mortgage modification
Partial claim payment
Foreclosure sale
Reinstatement of defaulted mortgage
Refinancing
Short sale
Soft second loan
Special forbearance
Waiver of deficiency
Walk away from the transaction

If your mortgage debt is partially forgiven, you may be asked to pay income tax on that amount. We can help you properly complete IRS form 1099-C to minimize the tax you will have to pay.

Westchase Law, P.A. - Tampa Foreclosure Attorneys
12029 Whitmarsh Lane
Tampa, FL 33626
813-699-4542
www.westchaselaw.com

Posted at 15:37 PM

Topic: Real Estate