What Options Do I have?

Nobody wins when a homeowner can't pay his or her loan. The federal government and lending institutions know this and established loss mitigation as a means of working out a desirable solution for all parties involved.

The Law Offices of Christopher A. Benson have three outstanding loan mitigation programs to utilize. Through our consultation, we will determine what program is the best for your situation. To successfully put you on a better financial path, it's important we match you with a program that will work for you now and into the future.

The three programs are as follows and you can read more about them here:

• Loan Modification - permanent change to your loan details resulting in a new contract
• Short Sale - negotiated sale of your home at a price below what you owe
• Deed in Lieu of Foreclosure – Signing the deed to your home back to the bank.

Our main goal is to establish a way for you to keep your home through loan modification. If keeping the home doesn't prove viable in your situation, the other two options provide an opportunity for you to get the most out of the situation with a better result than foreclosure can offer.

Options are time-sensitive and it's important you take action today. The more time you have on your side, the better chance you have of securing a positive outcome. Of course, even if you don't have much time, you should explore these options to the fullest.

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