Bronx NY Foreclosures & Short Sales Attorney
Helping Those at Risk of Losing Their Home
Contact us now at 718-414-6187 to find out how to resolve your legal problems with the help of an experienced lawyer.
- Have you fallen behind on your mortgage payments?
- Is your lender threatening foreclosure?
- Have you considered a short sale?
When dealing with the potential loss of your home, it is easy to let emotions get in the way. Your judgment may become clouded, making it hard to examine the options that are in your best interests. We understand that your home is more than just a building. It is the place where you can always find comfort, security and memories.
During these challenging economic times, more and more people are dealing with the reality of losing their homes. At Park & Nguyen, we work with homeowners who have fallen behind on mortgage payments and are facing the possibility of foreclosure.
Our attorneys have more than 25 years of combined experience helping individuals and families make informed real estate decisions. Arrange a free telephone consultation at our offices in the Bronx, on Long Island, or in Jersey City by contacting us at 718-414-6187.
Working to Avoid Foreclosure
The majority of our clients come to us looking for ways to stop foreclosure actions on their homes. Fortunately, there are options available, including filing for Chapter 13 bankruptcy.
Overall, mortgage lenders prefer to avoid the foreclosure process. It is time consuming, expensive and often results in the lender having to assume ownership/management of the property. Much to the benefit of borrowers, this disdain for foreclosure can open up negotiations, including mortgage restructuring and short sales.
Exploring the Benefits of a Short Sale
Foreclosure does not have to be your only option for financial relief. If holding onto your home is not in your best interests, a short sale can offer a significant opportunity for debt forgiveness.
A short sale occurs when a mortgage lender agrees to accept less than the outstanding loan amount to satisfy your mortgage. A short sale allows both a mortgage lender and property owner to avoid foreclosure by selling the property at a loss.
Contact Park & Nguyen
If you have concerns about home foreclosure, contact us to discuss your options. We offer sound legal advice at affordable rates.
We are a debt relief agency. We help people file for bankruptcy under the Bankruptcy Code.
