I am unable to make my mortgage payments and I think I'm at risk of foreclosure, do I have any other options?

 

A: Yes.  There are other option to foreclosure if you can no longer make your mortgage payments due to loss of a job or certain other circumstances.  One of the alternatives to foreclosure is a short sale.  A short sale is when you sell your home and the bank agrees to accept the amount you are receiving for your home even though the mortgage is higher than what you are receiving from the sale.









Steven T. Decker is an experienced real estate lawyer, author and speaker.  With over 20 years of experience, Steven represents individuals and investors in the purchase of residential and commercial real property.  Steven is the author of "The Five Myths that can Ruin the Purchase of Your Home" and he is the publisher of the "New York Real Estate Law Blog".  If you are buying or selling a home or commercial property in Staten Island, New York City or New Jersey contact Steven T. Decker, Esq. to discuss the services that he offers and how his legal representation will assist you.


IMPORTANT DISCLAIMER: The information contained on this website is provided for general educational purposes only, should not be relied on as legal advice and does not serve to create an attorney client relationship. In utilizing this website you acknowledge that there is no attorney client relationship between you and Steven T. Decker, Esq. and that the information contained on this site does not and cannot serve as a replacement for the competent legal advice of a licensed attorney in your state. The content of this website is subject to the Copyright of its author, Steven T. Decker, Esq.




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