Real Estate Law
In the words of billionaire investor Warren Buffett, "foreclosures take
place because borrowers can’t pay the monthly payment that they
agreed to pay." The essential point is that there may be a mutually
beneficial solution. Banks are not in the business of owning homes,
but at the same time must avoid falling into financial distress
Revisiting the terms of a distressed mortgage may help you keep your
home and help keep the bank in business. Reducing an interest rate or
principal balance, extending your repayment schedule, or excusing
delinquent charges may be viable alternatives. Or, selling a property
with a bank agreeing to accept a lower payment in full satisfaction of
the loan may help you maintain your credit and make a correction to a
home that is better suited to your personal budget.
Legal counsel can be more than legal advice. The patience and
experience of our firm may help you find the breathing space you are
looking for. Working with a lawyer offers the peace of mind that
comes with licensed, professional advice. Working with an
experienced lawyer offers the same peace of mind as well as a
perspective on the process that may mean the difference between an
adequate solution and an ideal solution.
|BENJAMIN LAW GROUP, PL
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