If you are facing home or business foreclosure to a creditor, you may have more leverage in the courts by accepting a strategic default. In many instances, creditors will not begin negotiating a work-out or modification until their client goes into default. By juggling your payments in order to keep from falling several months behind, you may actually be delaying your opportunity to make an arrangement that is more advantageous to your financial position.
If you are having trouble keeping up with your mortgage or other loan, talk to an attorney at the Law Offices of Richard D. Franzblau, LLC, about your financial options. We will give you the information you need in order to make an informed decision about the best way to handle your financial arrangements. Since opening our doors in 2001, clients have come to respect us for our integrity, focus and commitment to helping them put themselves in the best legal position possible to protect their rights and interests.