Home Foreclosure
North Carolina attorneys offer alternatives
When you bought your dream home, you never dreamt that one day you would not be able to make your mortgage payments, and your lender never thought that either. Otherwise, you would not have qualified for the mortgage loan. But then the nightmare came: you lost your job, had a medical disability, you got divorced, your spouse died, the recession hit hard, or for some other reason, you lost your income.
After one or two missed payments, your lender began collection procedures against you, and you now face foreclosure and the prospect of losing your home. So what can you do? F.B. Jackson and Associates Law Firm, PLLC of Hendersonville, NC advises you about the different ways you can deal with this situation.
We can help you with the following:
- Loan modification: We work with your mortgage lender to modify the terms of your existing mortgage loan. This may include lowering your interest rate, reducing your principal balance, and/or making other payment arrangements to fit your budget.
- Refinancing: By taking out a new mortgage with better terms from the same or another lender, your current mortgage is paid off in full and your new mortgage offers lower payments.
- Sale of your home: While perhaps not something you would want to do, selling your home is preferable to losing your home in foreclosure. If the value exceeds what you owe on the mortgage loan, you will leave the closing with money in your pocket that can be used towards more affordable housing. And, if your home is worth less than the mortgage balance, we will work with your lender to do a short sale in which your mortgage lender agrees to accept less than you owe in settlement.
Contact us today
Let F.B. Jackson and Associates Law Firm, PLLC help you keep your home from being foreclosed. Call the North Carolina law firm at 866-675-7951 or click here to contact us by email.
