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, P.A. first.

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 contact us today to set up a free consultation with our legal team.

Take the First Steps Toward Financial Freedom

Request Your Free Case Evaluation

Get Started Today