Walk Away from your Mortgage
DO YOU feel trapped in your home because you owe more than the house is worth?
DO YOU wish you could just walk away?
Choosing to walk away from your mortgage is called a strategic default or strategic foreclosure. If done correctly, with full knowledge of the potential risks and benefits, a strategic default is the right choice for many property owners.
Hundreds of thousands of Florida homeowners owe more to the bank than than their homes are worth. If you are one of them, its time to give serious thought to walking away. This is not just my opinion -- it's also the opinion of Brett Arends from The
Wall Street Journal.
In an article published in the The Wall Street Journal, Arends says: "Millions of Americans are now deeply underwater on their mortgage. If you're among them, you need to stop living in a dream world and give serious thought to walking away from the debt. No, you shouldn't feel bad about it, and you shouldn't feel guilty. The lenders would do the same to you - in a heartbeat."
When the nation's most respected financial news periodical talks tough about walking away from your mortgage, it's time to listen up. What else does Arends say in the The Wall Street Journal article? He says that negative equity is a financial black hole.
"Stop trying to chase your lost equity," says Arends. "That money is gone. Don't think like a gambler who blows more and more cash trying to win back his losses. That's how a lot of people turn a small loss into a big one."
You Have Options
As a foreclosure defense attorney in Florida, I have represented and advised thousands of property owners. I have negotiated, battled, litigated, and fought with many of the major banks, lenders and loan services in the country. I have defended foreclosures against doctors, politicians, housewives, professional athletes, plumbers, dentists, and people from every walk of life.
Choosing to walk away from a mortgage is called a strategic default. If done correctly, with the assistance of an experienced attorney and with full knowledge of the potential risks and benefits, a strategic default can be the right choice for many property owners who are upside down on their mortgage.
If you've been trying unsuccessfully to complete a loan modification, short sale or deed in lieu of foreclosure, a strategic mortgage default or a strategic foreclosure may be your best option.
The Forrest Law Firm has represented and advised thousands of property owners across the State of Florida in strategic mortgage default and foreclosure cases. We represent clients with properties in ALL Florida counties. Using his experience, attorney Christopher Forrest developed the
Strategic Default Plan® to help the firm's clients escape from underwater mortgages. It doesn't matter if you are still current on your mortgage payments, or if you are already
facing mortgage foreclosure, you still have options.
If you owe more on your mortgage loan than your property is worth, a strategic default may be the best decision you've made in a long time.
Call today for a free telephone consultation. No office visit is required.
Call today at 800-915-3923 for a free telephone consultation to talk about your unique situation. I will inform you about your options including strategic default, short sale, and
deed-in-lieu of foreclosure. We can discuss whether a strategic mortgage default might be your best option. I will explain in detail your options as a property owner. If you are considering walking away from your mortgage, I will give you the information you need to make an informed decision about your financial future.
Free Book Offer
Choosing to walk away from your mortgage is often the smartest decision a homeowner can make. In my book " Walk Away: How to Escape from your Mortgage," now available as a
free download on this website, I will tell you the strategies and techniques I use to help my clients in strategic mortgage defaults. Find out the truth about short sales and deficiency judgments. Get your copy of my
free book on this website today. This book will tell you the real truth about the three main techniques for walking away from your mortgage: short sale, strategic default, and deed in lieu of foreclosure. Use this book to educate yourself. Empower yourself and your family by learning about your options.
An Important Message from Attorney Forrest
Almost every day I talk to Florida homeowners who are badly misinformed about their options. There is an incredible amount of bad information on the Internet. If you choose to rely on information provided by non-lawyers and uninformed bloggers, you may significantly impair your legal rights and do serious financial harm to yourself and your family.
I have three recommendations for you:
1. Use the resources on this website to educate yourself with accurate information. I developed this website to be a comprehensive resource for information about strategic mortgage defaults, short sales and deed in lieu of foreclosure. Here you can find accurate information about deficiency judgments and foreclosure defense.
Read my blog to learn about
case studies and success stories. Learn the real truth about the short sale process.
Watch the videos for solid information about your options. Educate yourself so that you can make informed decisions about your financial future.
2. Read my book " Walk Away: How to Escape from your Mortgage." The first edition was a bestseller on Amazon.com. The second edition is now available for free and provides a more detailed look at the concepts presented on this website. Don't rely on bad information from your bank or non-lawyers. Stop listening to real estate agents who are only pushing a short sale just to make a commission. Before you can make a good decision, you must educate yourself with accurate information. This book will do exactly that. Use the benefit of my experience to learn the truth about your options.
3. Call me today for a free telephone consultation to discuss your unique situation. No two clients are alike. I can help you evaluate your options and discuss solutions. I represent clients in all Florida counties and no office visit is required.
It’s time put yourself and your family first. It’s time to challenge outdated assumptions and start thinking for yourself. You must decide what is in your own best interest.
Then let nothing stand in your way.
Take Control of Your Life
Do you feel guilty about considering a strategic default? Does it make you a bad person? An unethical person?
Voluntarily defaulting on a mortgage is not immoral or unethical. Ethics should not enter into your decision concerning whether or not to strategically default.
Consider this: Law Professor Brent White of the University of Arizona says that morality and emotions have no place in one’s decision to strategically default on a mortgage. "Forget about shame and guilt" -- Professor White says -- "Don’t worry about your credit score. If you owe more than your home is worth, stop paying your mortgage and walk away."
Work with The Forrest Law Firm
At The Forrest Law Firm, we only accept a limited number of new clients each month. If we choose to decline your case, it's not a judgment of you or your situation. We are most interested in representing motivated clients who appreciate working with a law firm that concentrates exclusively on strategic defaults and
foreclosure defense. If our approach to the practice of law appeals to you, we look forward to hearing from you.
Call today at 800-915-3923 for a free telephone consultation about your individual situation. No office visit is required. The Forrest Law Firm handles cases in all Florida counties.