Decreasing Home Values Causing Underwater Mortgages
Legal Help for Homeowners
You bought your dream home — and it has turned into a nightmare. You paid $480,000 and have a $400,000 mortgage. Your spouse is now unemployed, and you have fallen behind on your mortgage payments. The home is now worth $300,000, and you can't afford to sell it. What do you do?
If this sounds familiar, I can help. My name is D. Roger Glenn. I am the co-founder of Glenn & Glenn, L.L.P. and have been practicing law since 1980. During that time I have helped individuals and small businesses find debt relief options — one of which is bankruptcy.
For a free initial consultation, please call 845-256-8396 locally or toll free at 877-862-7197 or send an e-mail to Glenn & Glenn, L.L.P.
New York Chapter 13 Bankruptcy as an Underwater Mortgage Option
Whether you are walking away from your dream home or an investment property, I can help. Bankruptcy is one option but not the only one.
- Chapter 7 bankruptcy — If you pass the means test, a Chapter 7 bankruptcy will allow you to walk away from the mortgage.
- Chapter 13 bankruptcy — A Chapter 13 bankruptcy will immediately stop home foreclosure actions. It will buy time and allow us to negotiate a satisfactory option.
- Refinance — We can help you negotiate with your mortgage lender for more satisfactory terms that may enable you to stay in your home.
- Short sale — Banks are typically not enthusiastic about a short sale, but they may agree to this option. This allows the homeowner to sell the home at less than its mortgage amount and walk away without fear of the bank seeking full payment at a later date. I can help you negotiate a short sale.
The Right Lawyer for a Difficult Time
Experienced Hudson Valley bankruptcy lawyer and New Paltz underwater mortgage attorney D. Roger Glenn is available to discuss your case and advise you on how to move forward to solve your legal issues and find debt relief. For a free initial consultation, please call 845-256-8396 locally or toll free at 877-862-7197 or send an e-mail to Glenn & Glenn, L.L.P.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
