Compassionate SE Michigan Bankruptcy Attorney
Short sale options may not be in your best interest.
When your mortgage and home equity loans have become unmanageable and you see no way to pay them, a short sale option for your home might seem appealing. However, a short sale could simply cause more trouble for you and your family. Michigan Bankruptcy Law Centers knows that families in Southeast Michigan are facing tough economic times. We want to help you stay in your home.
For a free, no-obligation consultation with bankruptcy lawyer Dickron "Zeke" Bohikian, call 877.829.0108 or 810.355.4329 or e-mail us today.
Short sales are not always advisable simply because they are popular.
There is a current real estate trend becoming more and more popular: short sale options. Real estate agents will sometimes encourage current owners to consider short sale options rather than foreclosure, since a short sale is supposedly better for credit records. However, short sale is often not in the owners' best interests. More often than not, the agent encouraging you to consider the short sale has a vested interest and would benefit financially.
A short sale often happens following foreclosure, when the homeowner is facing the probability of losing the home due to lack of payments and the bank wanting its money. Basically, a potential buyer offers the bank less than what you -- the current owner -- owe. If approved, the bank may sell your home for that amount.
You can wipe out all or most of your debt and save your home.
Foreclosure is not as detrimental as some may suggest, and it may be avoidable through bankruptcy. By filing for bankruptcy, homeowners may be able to keep their homes and receive significant removal or reduction of debt. Additionally, bankruptcy offers a fresh start to families, allowing them to begin repairing credit and rebuilding their lives rather than continuing the downward spiral of debt.
Michigan Bankruptcy Law Centers can work with you to save your home, car and wages. Since 1992, attorney Zeke Bohikian has helped thousands of people just like you. He will take the time you need to find answers to your questions and solutions to your problems. Contact us today at our Brighton office for a free, no-obligation consultation and bankruptcy analysis. Call 877.829.0108 or 810.355.4329 or e-mail us.
