Some of the best alternatives to foreclosure are what’s called loss mitigation. Loss mitigation involves a loan modification, it involves a short sale, it involves a deed in lieu with a waiver of a deficiency, and it involves cash for keys. It really depends on what the client wants to do. If a client wants to keep the property the common resolution or the common process we’d use would be a loan modification.
If the client doesn’t have an interest in keeping the property, you may want to process a short sale, may want to do a deed in lieu of foreclosure with a waiver of deficiency.
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Law Office of Ray Garcia, P.A.
Our mission is to provide our clients with legal services that not only meet their needs but exceed their expectations. We approach all practice areas with care, knowledge, experience, and determination. Trusted In South Florida For Decades.
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- Is Your Intellectual Property Being Infringed Upon “Invisibly?? - November 1, 2022
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Law Office of Ray Garcia, P.A.
Our mission is to provide our clients with legal services that not only meet their needs but exceed their expectations. We approach all practice areas with care, knowledge, experience, and determination. Trusted In South Florida For Decades.
Latest posts by Law Office of Ray Garcia, P.A. (see all)
- Is Your Intellectual Property Being Infringed Upon “Invisibly?? - November 1, 2022
