You need to be aware of your legal rights when facing foreclosure. Bonardi & Uzdavinis LLP is a Tampa foreclosure lawyer that offers homeowners expert advice and realistic solutions. He is among the few Florida foreclosure lawyers who use legal strategies and tactics to protect your rights.
Florida is the leading state in foreclosures with nearly 1 out of 400 homes being foreclosed each month. A Tampa Florida foreclosure lawyer can represent you and guide through the process. It is important to take this step, particularly with the number of foreclosure cases filed every day. Bonardi & Uzdavinis LLP offers expert advice to homeowners facing foreclosure. He will allow you more time to explore alternatives, such as loan modifications, short sales or deeds in lieu. We are here to help you no matter where you stand in the foreclosure process.
Modifications of Mortgage Loans
Loan modification is the permanent change to a loan. Borrowers can lower their mortgage payment or reduce the principal in some cases. Both the lender and borrower can afford to modify their loan rather than foreclose.
It may seem simple, but modifying a loan can be a long process. This could mean an increase in the interest rate or an extension of your loan term. Bonardi & Uzdavinis LLP has helped dozens of clients facing foreclosure remain in their homes through loan modifications. They can make sure that borrowers get the best terms possible, which allows them to keep their home.
Consult with professionals who are familiar with the loan modification process. With their help, you can also obtain a better mortgage.
Short sale to avoid foreclosure
You can sell your house even if you don’t have any equity. This is called a “short sale”. You must get your lender’s approval before you can sell your house for less than the amount you owe. It can take a long time and may require lengthy negotiations. You may find that it is the best way to avoid foreclosures and their negative effects on your credit.
Short sales can be used to persuade the lender to accept a lower amount of money than if they were to pursue foreclosure. This will require an experienced short-sale lawyer who is familiar with both real estate law and lender negotiations. Bonardi & Uzdavinis LLP, in Tampa, Florida negotiates short-sales on behalf of its clients. They can convince lenders to accept a lower price than foreclosure and that they will eventually sell the property. Their dedication and experience help clients to avoid foreclosures and find mutually beneficial solutions.
Bonardi & Uzdavinis LLP can streamline the short-sale process with their knowledge and expertise. They want to assist their clients in recovering their finances, moving on and minimizing the financial and mental impacts of foreclosure.
There is only one option: bankruptcy
You may have no other option if you’ve exhausted all others. Bankruptcy could be your only chance to keep your house and avoid foreclosure. You can restructure debts in bankruptcy, which will protect you from creditors while creating a manageable financial situation. Bankruptcy can reduce your debts or extend the terms of repayment for your loans. Your finances will stabilize if you pay off your mortgage.
Bonardi & Uzdavinis LLP knows that bankruptcy is often the result of unforeseen events such as divorce, business failures, or mortgage-related distress. Although bankruptcy may seem extreme, it is a viable solution for those in deep debt. It is not something to take lightly. To navigate the complexities of bankruptcy and avoid its pitfalls, you should seek professional guidance.
Bonardi & Uzdavinis LLP will guide you through bankruptcy, ensuring that you are aware of your options and achieve a positive outcome. They can minimize the negative effects of bankruptcy and help you get back on track towards financial recovery.
Tampa Florida Foreclosure Defense You Can Count On
Bonardi & Uzdavinis LLP, a knowledgeable and trustworthy foreclosure defense lawyer can help you decide the best course of action based on your particular situation. They have offices conveniently located in Tampa Bay and are ready to defend you against foreclosure. The offices are in Tampa, St. Petersburg, and Clearwater.
Bonardi & Uzdavinis LLP will provide you with the best defense possible against foreclosure. You’ll be on your way to financial stability and peace of mind. Do not face foreclosure alone. Bonardi & Uzdavinis LLP can provide you with expert advice and assistance.
This post was written by a professional at Bonardi & Uzdavinis, LLP. Bonardi & Uzdavinis, LLP is a boutique, full service law firm providing its clients with a wide range of representation. Our primary areas of practice include real estate, probate attorney st petersburg fl, personal injury, construction, and commercial litigation. If you are looking for a real estate attorney or personal injury attorney in Tampa Bay contact us today for a case evaluation today!
