Loan Modifications/Short Sales

Detroit Real Estate and Debt Relief Lawyer

With the economic and housing crises, many homeowners are finding themselves in homes they can no longer afford. Job loss, spikes in adjustable rate mortgages and many other factors have caused people to fall behind on mortgage payments to the extent that foreclosure looms ahead. Unfortunately, selling their home is not an option for many people because the decrease in home values has resulted in loan balances that exceed the fair market value of their home.

Attorney Ann M. Howard has extensive experience helping Michigan homeowners through financial turmoil. She offers assistance with effective alternatives that avoid mortgage foreclosure such as negotiating a loan modification or short sale.

Loan Modifications

Ann M. Howard can help you negotiate with lenders to modify a bank loan. Loan modifications can be difficult to obtain without the assistance of an experienced lawyer due to lenders' unresponsiveness. You could be shuffled from one representative to the next without gaining any progress. However, with Ms. Howard's experience and guidance, you could save your home by negotiating a reduction of the interest rate, a change from a variable rate to a fixed interest rate or a change in other terms of the loan to accommodate your needs.

Short Sales

For some homeowners, a loan modification is not enough to save their homes from foreclosure. An alternative is to conduct a short sale of the home — where the home is sold at a price lower than the remaining loan balance and the lender agrees to forgive the difference. However, a short sale is only effective if the lender agrees to it. Having an experienced lawyer on your side can ensure your interests are protected. When a short sale is conducted improperly or without adequate documentation, the lender may attempt to reinforce the remaining balance of the mortgage. Ann M. Howard has the experience to handle short sales efficiently and the diligence to make sure they are completed correctly.

Discuss your financial and real estate concerns with an experienced, respected Detroit attorney. Contact attorney Ann M. Howard today for your free phone consultation. Call (248) 356-6162.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Ann M. Howard, Attorney at Law
29777 Telegraph Road
Suite 2425
Southfield, MI 48034-7651
Phone: (248) 356-6162
Fax: (248) 356-6163

Ann M. Howard, Detroit bankruptcy lawyer & residential real estate lawyer, located in Southfield, Michigan, represents clients throughout the Detroit, Michigan, area in communities such as Southfield, Livonia, Plymouth, Farmington Hills, Royal Oak, Huntington Woods, Dearborn, Troy, Redford, Novi, Oak Park, Bloomfield, Pontiac, Warren, Westland, Sterling Heights and Ann Arbor.

Monroe County • Wayne County • Livingston County • Oakland County Macomb County • Washtenaw County