Monday, November 28, 2011

Friday, November 18, 2011

Facing Foreclosure? Let me help!

Is Your House Underwater?
Recent national statistics indicate that one in seven homeowners currently owns a distressed property. These are homes that have either gone through foreclosure or are being marketed as "short sales." In a short sale, the homeowner can't afford to maintain the mortgage, but the lender - rather than foreclosing - agrees to the sale of the property for less than the balance of the loan. As an attorney, the combination of my law firm’s experience in real estate, title and bankruptcy has culminated in spending a great deal of time advising homeowners, who owe more on their mortgages than their homes are now worth, what options they have in this real estate market. I recently spent several days in Massachusetts becoming certified as a distressed property expert and remain one of the few attorneys in Maine to currently hold that designation to assist distressed homeowners with foreclosure alternatives at no cost to them.