Due to the poor economy and drastic decreases in real estate value in many parts of the United States many Americans are struggling to make ends meet each month.  Please realize that you are not alone and it is not something to be ashamed of.  We are here to help you get through this difficult time.

Here is what the loss mitigation spectrum looks like:
Loan Modification > Short Sale/Short Refi > Deed-in-Lieu of Foreclosure > Foreclosure

(1)  Loan Modification – We negotiate with your current lender(s) to modify the terms of your current mortgage.  This is not a refinance.  We are simply making your payments more affordable through any or all of the following: interest rate reductions, amortization term extension, adjustable rate conversion, principal balance reduction.

(2)   Short Sale / Short Refi – If you do not want to remain in your home we can negotiate a short sale with your lender(s) in order for you to be able to sell the property for less than what you owe.  If you do want to remain in your home we can negotiate a short refinance with your lender(s) in order for you to get a new loan with a new lender for the current market value of the property.

(3)   Deed-in-Lieu of Foreclosure – This is where you sign the deed to the property back over to your lender in exchange for them not foreclosing on the property.  This saves the lender time and money while preserving your credit rating.

(4)   Foreclosure – This is typically the “last resort” for homeowners who can no longer afford to make their payments and have exhausted all of their other options.  This is when the bank repossesses the property by legal means. The property is sold at a foreclosure sale and the homeowner is typically left with nothing.

Some homeowners end up losing their home and destroying their credit simply because they choose to ignore the situation and feel that nothing can be done to help them.  If you are unable to make your monthly payments please call or email us today.

Foreclosure Defense
Law Offices of
  Brian M. Rokaw, P.A.
Case Evaluation
Please fill out the quick form and submit. A representative of the firm will call you ASAP.
2655 LeJeune Road, Suite 316
Coral Gables, FL 33134
(P) 305.722.5888
(F) 305.231.0090
Copyright © 2010 Brian M. Rokaw, P.A., All Rights Reserved.