Your Options
Most homeowners have seven options that need to be considered including:
4 Loan Modification
4 Short Loan / Refinance
4 Loan Assumption
4 Bankruptcy as an option
4 Prevent Wage Garnishment
4 IRS Tax on Phantom Income
Discussing your situation with an Attorney that is familiar with each of these options is one way to help yourself make a prudent decision.
Possible Risks. As with any you do, there are potential risks. Lenders are not obligated to help you. They may take your home, and garnish your wages until the entire loan balance is repaid. Takes may be due on any debt the lender write-off which can be construed as phantom income. This is one of the reasons we work with so many homeowners, to help provide a wide selection of solutions to choose from.
Partnership. We are a company that truly understands the stress of homeowners, and we support homeowners by specializing in assisting them get their life back on track. If you currently owe more than your property is worth, or paying an exorbitant mortgage, you might need some help. Please call us for a free consultation, or visit our website for more information.
