At the Malaise Law Firm, we are committed to helping clients throughout the Houston area fight foreclosure. We understand that facing foreclosure is an incredibly unsettling situation to be in. Foreclosure not only brings about stress and anxiety over losing one’s home, but many people also feel a sense of shame or embarrassment that they “allowed” things to get so bad that they now risk losing their home to foreclosure.
At the Malaise Law Firm, we don’t look at things this way. Having worked in the bankruptcy field for many years, we know that most people fall behind on their mortgage payments due to circumstances beyond their control. Maybe they were laid off from their job and haven’t been able to find a new one? Perhaps they accumulated a great deal of debt after suffering a serious injury? Maybe they got a divorce and are now unable to afford the mortgage on their own? There are countless reasons why people fall behind on their mortgages, and when this occurs, it’s our job to find a solution to the problem.
What is a Short Sale?
One way to fight foreclosure is to enter into short sale. In a short sale, the lender agrees to allow the homeowner to sell the home for less than what is still owed on the house. Although the lender may lose money on the property, some lenders feel it’s a better option than dealing with foreclosure. And although the homeowner will lose their home in the end, it’s a much better option than allowing a home to go into foreclosure. There are many negative consequences associated with foreclosure, the most prominent being the damage that will be done to the homeowner’s credit rating.
If you are interested in learning more about short sales as way to avoid foreclosure, please feel free to contact a Houston bankruptcy attorney at the Malaise Law Firm. We have helped countless clients fight their foreclosures to much success. If entering into a short sale may not be what you had in mind, we’d be happy to discuss some other alternatives to foreclosure with you. To arrange a consultation to discuss your situation, contact the office today by calling (713) 952-1427.