In recent years, the housing crisis has profoundly damaged property values across Florida. Tens of thousands of homes, commercial properties and investment properties across the state are in foreclosure proceedings. If your property is in foreclosure and you want to avoid it, an experienced lawyer may be able to help you seek alternatives. At Komninos Law Firm, PA, we represent property owners facing potential foreclosure. Tampa foreclosure defense attorney Spiro Komninos can examine all documentation and advise you as to potential alternatives.
Tampa Business Foreclosure Lawyer Helping Property Owners Avoid Foreclosure
We fully understand all potential options to help property owners avoid foreclosure, including:
- Loan modification: In some cases, lenders may be amenable to revising the terms of the loan. A loan modification, if successful, could lead to reduced interest rates, smaller monthly payments and even a principal reduction. Our law firm will use every tool at our disposal to increase your leverage in loan modification negotiations.
- Short sale: In a short sale, the bank agrees to accept less than the value of the mortgage. Banks are sometimes reluctant to agree to short sales. If there is reason to believe that a short sale is possible, our law firm will work tirelessly to help you achieve your goals.
- Deed in lieu of foreclosure: In a deed in lieu of foreclosure, the property owner gives the deed to the property back to the lender rather than go through foreclosure proceedings. If this appears to be your best option, we will guide you through the process.
Our law firm has substantial experience in all aspects of real estate law and can represent you at any stage in the foreclosure proceedings.
Contact Komninos Law Firm, PA
Call 813-251-3444 today. We can also be reached through our online contact form. We maintain offices in Tampa for our clients’ convenience.