Bankruptcy

Many people worry that if they file bankruptcy, all of their possessions will be taken from them. NOT TRUE!! If you own a home or a car and are current with your payments, you more than likely will be able to keep your property. In addition, nearly all other personal property is protected under the bankruptcy laws in each state. Basically, you get to keep your home, cars, other possessions and have your debts eliminated. We can help you get out of debt once and for all!

Many people have feelings of guilt about filing bankruptcy. Think of it as a business decision and remember creditors don’t have feelings. You most likely have already repaid the amount that you had originally borrowed, but because of high interest rates and late charges, you are stuck in a never-ending cycle of minimum payments. There is a reason why bankruptcy protection is available. Come in and meet with Michael E. Fleck or one of our staff attorneys today.

Short Sale

Short sale by definition is a negotiated reduction in the payoff of a mortgage. A thorough analysis of the value of the property and the borrower’s ability to repay is necessary to determine if this loss mitigation tool is proper for each individual situation. Industry standard is over 60 days for a loss mitigation department to approve or deny a short sale offer. Often times the prospective purchaser moves on to a different property long before the loss mitigation department responds, leaving a nonperforming loan sitting on the books months longer than it should have. The Fleck Law Group LLC guarantees review and recommendation as fast or faster than anyone in the industry. Come in and meet with Michael E. Fleck or one of our staff attorneys today.

Deed in Lieu of Foreclosure

Deed in lieu of foreclosure is simply when a borrower executes a deed to the property, conveying it back to the lender. We negotiate with the lender to facilitate a transaction where the lender waives the balance that is owed on the property and accepts the property as full and final settlement. Come in and meet with Michael E. Fleck or one of our staff attorneys today.