When the possibility of foreclosure looms, it’s easy and natural to see foreclosure as a slippery and unavoidable slope. Adding to the anxiety that this viewpoint brings is the perception that if you can keep current on mortgage payments, you hold the cards, and if you miss a payment, the bank holds all the cards. Actually, mortgage challenges aren’t that simple. If you can’t make your payments, you can likely mitigate the financial and legal effects by pursuing alternatives to foreclosure. These alternatives include, but may not be limited to:
- A deed in lieu of foreclosure;
- Bankruptcy; and
- A short sale
At the law firm of Shadrix, Lane & Parmer, P.C., our attorneys have helped many residential and commercial property owners navigate alternatives to foreclosure. Do not walk away from your property without first consulting with us regarding cost-effective and advantageous alternatives and options. Our fees are competitive, reasonable and affordable. To discuss alternatives to foreclosure, contact Shadrix, Lane & Parmer, P.C. at 770-830-0809.