Miami Foreclosure Attorney
Protecting South Florida Homes From Foreclosure
If you find yourself facing foreclosure, make sure that you seek knowledgeable
legal counsel before taking losing your family home, vacation home or
rental property. At Orshan, P.A., our
Miami bankruptcy lawyers are dedicated to helping South Florida residents protect their real property
and valuables during this difficult financial time.
We understand how challenging it can be to make informed financial decisions
when faced with foreclosure. We understand how difficult it can be to
speak with your lender before foreclosure happens. You've worked hard!
Orshan, P.A. is here to help you with competent legal advice. When you
are facing foreclosure but don't want to give up your home or property,
be sure to
call on Orshan, P.A.
Foreclosure and Bankruptcy
So you are going to lose your house, or you are ready to move on and start
fresh. Should you file bankruptcy before or after foreclosure? Orshan,
P.A. is here to help you understand the differences. Filing a bankruptcy
will stop a foreclosure case or a foreclosure sale to allow you to regroup. The
Mortgage Modification Mediation Program ("MMM") in the Southern District of Florida gives
Chapter 7 debtors and Chapter 13 debtors the option of exploring mortgage or loan settlement
with their lenders regarding real property in which the debtors have an
interest or obligation under a promissory note or mortgage. When you are
facing foreclosure and think you must surrender your property, call Orshan,
Short-Sales and Tax Consequences
If you are considering a short-sale for your home to avoid foreclosure,
you absolutely need to understand the tax issues of short-sales. Every
lender has its individual rules and preferences regarding when and how
to go about a
short-sale. A short-sale often requires lender approval.
When the obligation to pay back a loan is eliminated, the amount forgiven
becomes reportable as income and the IRS will treat the forgiven amount
as taxable income. Speak with Orshan, P.A. for an overview of these issues.
How Orshan, P.A. Can Help with Foreclosure
Orshan, P.A. can help you understand the strategies available to protect
you from certain financial penalties and consequences that may follow
foreclosure if you are unable to save your home or property. Options include
strategic defaults, short-sales, a "deed in lieu", or personal
bankruptcy protection so that you can move forward with your financial future.
The team at Orshan, P.A. will work to find a safe alternative to foreclosure
if necessary. Our Miami foreclosure attorneys are prepared to help.
Don't wait any longer to protect your home and financial future! Please
do not hesitate to
today to set up a free consultation with our legal team.