Premier Debt Settlement Attorneys
Attorney Alivia Kassab Arabo has been assisting residents of southeast Michigan with eliminating their excessive credit card bills, medical debt, mortgage payments and other dischargeable debt through various relief options for over a decade. One option that people are often unaware of or have heard bad things about is debt settlement. We want to share with you our knowledge of settling your debt and help you understand how this might be the best alternative for you.
During debt settlement, we work with creditors to settle large debts for less than the balance, allowing clients to pay a lump-sum payment to settle their debt. Creditors are often willing to accept less than the original balance during debt settlement because they realize that less money received is better than no money received if the debtor chooses to file for bankruptcy protection. Creditors know that they are far more likely to receive payment by allowing for a lower total payment.
With our knowledge and familiarity of how credit companies function, we will assist you with working out a plan with your creditors in order to settle your debt and move forward with your life. Contact us today.
Foreclosure Deficiency Settlement
Despite what many borrowers believe, most foreclosures do not result in a judgment against the borrower personally. There are several steps that a bank must take in order to obtain a deficiency judgment against a borrower. An evidentiary hearing must take place to determine the amount of the deficiency, and in order to proceed, it must be shown that the value of the sale is less than what the borrower owed. Despite the complexities of the process, some banks do proceed in pursuing deficiency judgments against borrowers.
If a lender is seeking to collect outstanding loan debt after a foreclosure sale, you may have legal options. An experienced foreclosure attorney can help you explore options that would allow you to defend the deficiency and negotiate a favorable settlement with the bank.
The Law Offices of Kassab Arabo, PLLC, represents clients throughout southeast Michigan in foreclosure deficiency settlement-related legal matters. If your bank is pursuing a deficiency judgment against you, we can help you understand which option is right for you to protect your assets. A few options may include Chapter 13 bankruptcy, loan modification, short sale, or negotiating directly with the bank depending on your specific circumstances.
See What Our Clients Are Saying
As soon as we met with Alivia, we knew our case was in good hands and everything will be okay. She did not disappoint and literally saved our financial life. As soon as you speak with her, you will realize that she is a person of high professionalism, honesty and integrity who will fight hard for you to achieve the desired outcome. I highly recommend her services.
The best attorney we ever dealt with
We retained Alivia when going through a mortgage refi. She and her staff are excellent. They kept us informed and encouraged us to contact them every week either by e-mail or phone so we would be kept up to date. They always returned our calls and answered all our questions and where able to shave many points from our interest rate and got our 2nd mortgage down to a fraction of what we owed.
Alivia did an awesome job with everything and only discussed the important things with me. At first I was concerned with this, but as I got to know her, I arrived at 100% trust in her which allowed me sleep comfortably at night. I also quickly determined that integrity and respect were top on her list. She made it very clear right from the start that everything would be black and white with absolutely no grey areas in between. Keep up the good work Alivia
Foreclosures & Short Sales are a beyond stressful situation for most clients as it involves the family home. Our firm is dedicated to navigating you and your family through this stressful situation by providing the best legal options. Attorney Alivia Kassab Arabo offers clients practical advice and useful insights gained through years of legal practice. If you are drowning in debt, it is time to get help.
Are you facing the possibility of foreclosure? Are you interested in learning about ways in which to keep your home? There may be options available that would allow you to stop foreclosure and make your mortgage payments more affordable. The process can be complex, so it is important to work with an experienced loan modification professional to ensure that the correct steps are taken.
If you meet certain qualifications, you may be able to get a loan modification that could help to reduce payments, reduce the interest rate or even reduce the principal on your home loan. A loan modification may even help to get rid of late fees.
A loan modification is not automatic or guaranteed. Lenders may not be interested in agreeing to a modification because it could mean financial loss to them. A lawyer can help you negotiate favorable terms based on your specific needs and goals.
If you are struggling to keep up with your mortgage payments but you don’t want to go through foreclosure proceedings during a bankruptcy, you still have options such as a short sale.
A short sale means your mortgage lender (usually a bank or financial institution) allows you to sell your home for less than what you owe. If you are no longer able to afford your home, a short sale allows you to walk away owing little or no money to your lender. Not all lenders will accept short sales or discounted payoffs, especially if it would make more financial sense to foreclose. Additionally, neither all sellers nor all properties qualify for a short sale.