Modifications and Short Sales

Due to economic and market conditions, many homeowners find themselves in a hardship situation. If you have fallen behind on your mortgage payments, your lender may consider modifying your loan or allowing you to short sell your property.

When attempting to negotiate the terms of a modification or short sale, it is highly advisable to be professionally represented by an attorney.

The Law Office of Donna Hearne-Gousse, P.A. does not accept any upfront fees and has years of experience and a history of success regarding modifications and short sales. Some of the benefits we have been able to deliver are as follows:

Modifications Results:

  • Lower monthly payments.
  • Moving amounts overdue to the existing loan balance.
  • Permanently reducing the interest rate.
  • Revising the interest rate from adjustable to fixed.
  • Reducing the principal balance of the loan.

Short Sale Results:

  • Limited credit report impact.
  • Zero cash at closing.
  • Waived deficiency judgments.
  • Escrow refunds.
  • Deed in lieu of foreclosure.
  • Cash for Keys.

If you decide that a short sale is the right option for you, please review the PDF documents below for an overview of the information necessary to proceed as your lender will require several documents in order to analyze your financial situation.

Short Sale Package Checklist

Short Sale Financial Statement

The Law Office of Donna Hearne-Gousse, P.A. is prepared to protect you and negotiate on your behalf regarding modifications and short sales. Feel free to call us to discuss your situation or use our online contact form to receive free advice regarding your best course of action.

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