Debt

When your debt is out of control, it can feel like you are buried under mounting bills with no way out. It’s stressful and overwhelming, and you can end up spending most of your time worrying about the future and avoiding debt-collectors. While it may seem like you should give up, now is the time to take action.

At the Law Office of Laura B. Bramnick, we are experts at helping our clients find the best solutions for managing their debts. We know how to negotiate with your lenders and help you find the right alternatives, such as:

Dealing with a deficiency balance not covered by Arizona laws
Considering Home Equity Lines of Credit (HELOC)
Managing overwhelming credit card debt

Financing Options

If you have struggled with serious debt issues in the past, it may feel as if home ownership is an impossible goal. Although you may have credit challenges because of events such as a foreclosure, short-sale, or late payments, you may still have available home-lending options. For instance, options such as Seller Carryback Financing and Agreements of Sale could offer a solution for some sellers and buyers.

Seller Carryback Financing and Agreements for Sale

Seller Carryback financing is a type of mortgage where the seller provides some or all of the purchase price financing to the buyer. Agreements for Sale allow the seller to remain the fee title holder of the property while the buyer has equitable title until such time as the terms of the sale are met. These alternative lending options are appealing to buyers who have less than perfect credit and offer more flexibility than traditional loans. They are typically short-term which helps sellers move their property and gives buyers time to improve their credit health so they can refinance when the agreement ends. However, these loans have specific rules and legal requirements, and therefore it is vital that you have an experienced Arizona real estate attorney draft and review your carryback financing and agreement for sale documents.

At the Law Office of Laura B. Bramnick, we have expert real estate attorneys who are ready to help you explore the many financing options available to you. We have experience assisting our clients in obtaining non-traditional mortgages, which can help re-establish credit and put them in the right home for their needs. We also have the skill and expertise to review and accurately draft the real estate documents needed for these transactions.

Debt Settlement Negotiations

Sometimes your debts may feel so out of control that you cannot see an end in sight. In the meanwhile, the debt-collection calls and letters keep coming at you. When you don?t have the money or a plan, it may feel like you are better off ignoring your problems. While it may seem logical to avoid what you can?t fix, this will only make matters worse. Although it may feel like you don?t have a way out, you actually have a choice?Call the Law Office of Laura B. Bramnick.

We have experienced Arizona attorneys who can put a stop to creditors contacting you and who will work tirelessly to negotiate an end to your debt issues. Whether your situation is due to a deficiency balance not covered by Arizona laws, debts related to a Home Equity Line of Credit, or credit cards you simply cannot pay, we can help you find the right debt management solution and give you back the peace of mind you deserve.