Washington Short Sale Team can Help Stop Foreclosure Tacoma Wa
Foreclosure is something that runs rampant in various states in the United States. The mere thought of a housing foreclosure is enough to bring a homeowner to tears. The thought of losing something that one worked so hard to obtain can be deeply disturbing. The good news is that a homeowner can stop foreclosure in Tacoma Washington by hiring an attorney that specializes in foreclosures and short sales. The following are some of the ways that a Tacoma short sale lawyer and foreclosure specialist can assist. For more information on how to stop foreclosure Tacoma Wa, contact Washington Short Sale Team at (206) 852-7026 and speak with a foreclosure attorney today.
Negotiating With Banks and Lenders
One way that a foreclosure lawyer can help is by contacting the banks and requesting a forbearance or deferment. The banks may approve such things if the advance is not too far in default. Both options give a homeowner the opportunity to postpone payments, but only one option draws interest.
How To Apply for a Loan Modification
A loan modification is something that an attorney may want to try to stop foreclosure in Tacoma Wa. A modification is a restructuring of the original contract terms. Banks will sometimes approve loan modifications if:
- The homeowner had a recent change in job or dependents
- Something was wrong with the original agreement
- The homeowner is willing to start making the payments that he or she promised
- Loan modifications require extensive paperwork. Therefore, a homeowner should contact an attorney who can help him or her to complete such mounds of paperwork.
- Conducting a Short Sale
A Tacoma short sale is a process that can help a person who is on the verge of foreclosure. The transaction is called a short sale because the homeowner offers to sell the home for less than its true value. The bank can decide whether to accept the short sale offer or decline the short sale offer. An approved short sale is an excellent option for a homeowner because it will not leave him or her with a negative credit record. A creditor may be willing to accept a short sale offer so that it can cut its losses. A Washington Short Sale Team specialist offers an arrange a consultation with a homeowner and discuss the many avenues they can take to preserve the property for the homeowner.
A helpful attorney is just a phone call away. A homeowner can contact a specialist in the area at anytime to stop foreclosure Tacoma Wa. Contact Washington Short Sale Team today and let a specialist help you stop your foreclosure (206) 852-7026. Home loss does not have to be part of anyone’s life, speak with an expert at Washington Short Sale Team.