Representing Clients With Upside-Down Mortgages
For people who have lost their jobs or are facing some other type of financial difficulty it can be extremely difficult to keep up with mortgage payments, and many face foreclosure. In many cases, these people find that selling their home is a better option than having the lender foreclose on the property.
When the real estate market is down, however, many people find themselves in a position where they owe more on the house than it is worth on the market, often referred to as being "upside down" on the mortgage or the property being "underwater." In situations like these, it is impossible to make enough money on the sale of house to cover the balance of the mortgage.
Helping You Avoid Foreclosure
Many people with upside-down mortgages wrongly assume that they have no choice but to give up their homes and deal with the consequences of a foreclosure on their credit record. There is an option called a short sale in which your lender agrees to accept an amount that is less than the balance due as full payment for the loan. These are complex procedures that require the attention of an experienced Hartford short sale attorney.
Attorney Michael Caron at the law firm of Diana, Conti & Tunila, LLP, has represented distressed homeowners throughout Connecticut, including Hartford, Tolland, New London, Windham, Litchfield and New Haven counties. He has been successful in negotiating short sales and deeds in lieu of foreclosure on properties ranging in value from less than $100,000 to more than $2,000,000.
Contact Our Manchester Mortgage Attorneys Today
Contact our office in Manchester today to learn more about our short sale services and what we can do to help you. We offer a free 30-minute consultation to all new clients. Our lawyers are available during regular business hours and by appointment at other times. You can reach us by phone at 860-281-2510, toll free at 800-713-2922 or via e-mail.
For your convenience, we accept all major credit cards.
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