Short Sale – Pre-Foreclosure Management

Charles A. Hounchell, P.A. – Attorneys & Counselors at Law

In today’s struggling real estate market, many homeowners face the unexpected prospect of home foreclosure. For families and individuals alike, these are scary and confusing times. Fortunately, the law offices of Charles A. Hounchell, PA are eager and willing to make sense of your Pre-Foreclosure fiasco for you. Many homeowners facing foreclosure do not know of the options available to them at this time. Legal professionals Charles A. Hounchell, PA can help you realize these other possible avenues to avoid the negative consequences of home foreclosure. If you are interested in short sale – pre-foreclosure management or simply do not know what to do next concerning your home pre-foreclosure, contact the law offices of Charles A. Hounchell, PA right away!

Are you and your family facing home Pre-Foreclosure? Contact Charles A. Hounchell, P.A. – Attorneys & Counselors at Law to inform you of your options in the field of short sale – pre-foreclosure management today!

In a foreclosure situation, homeowners are under pressure from lending institutions to make payments on the loans incurred when purchasing their home. With many persons opting for a flexible, sub-prime mortgage several years ago, the rapid spike in the cost of their mortgage payments caused many homeowners to face foreclosure. For these individuals, their options seem limited and many feel desolate and hopeless. You are not alone. Many other individuals throughout the country faced these problems successfully, and with the help of a legal professional concerning short sale – pre-foreclosure management, you can as well.

The steps involved in a short sale – pre-foreclosure management include:

  • Lenders file a notice of default to the homeowner
  • Homeowners facing financial ruin contact Charles A. Hounchell, P.A. – Attorneys & Counselors at Law
  • Legal professionals arrange for the sale of your home
  • All sale proceeds go towards repayment of outstanding mortgage loan
  • Remaining balance on outstanding mortgage loan is forgiven by banks

Many homeowners in economic peril find this option beneficial for several reasons. First, the process is much cheaper and quicker than the drawn out and stressful pre-foreclosure procedures. Second, the ex-homeowner is now free of any debts stemming from the mortgage and suffers no damage to credit history or scores. All these allow homeowners to embrace a clean slate and plan for a new, financially free future.

Are you and your family facing home foreclosure? Contact Charles A. Hounchell, P.A. – Attorneys & Counselors at Law to inform you of your options in the field of short sale – pre-foreclosure management today!