Serving Maryland and District of Columbia
Personal and Business Bankruptcy: Chapter 7, Chapter 11, Chapter 13
Occasionally, a client will wonder if bankruptcy is the only option. This is particularly the case where a client wants to work out terms with a lender, usually a mortgage company, in order to keep his or her home. In cases like this, we look to loss mitigation to help our clients out get out from under a rocky financial situation.
Loss mitigation is an attorney-based process where your attorney will work with your lender in order to create a more viable mortgage situation. Loss mitigation may sound daunting, but Mr. Burns has worked with lenders for years and is comfortable in negotiating the most promising outcome for his clients. Loss mitigation has many factors and can take many forms. Included are the following possible actions: mortgage foreclosure defense, short sale negotiations and loan workouts and modification. Depending on your particular circumstances, Mr. Burns will work with you to obtain the best possible result for you.
We also work with our clients in order to create settlements or loan workouts with lenders. By utilizing his negotiating skills, Mr. Burns is able to work with creditors to create a more viable option for his clients.
At The Burns Law Firm, LLC, we work with our clients to resolve not only the specific issue, but on all aspects of their financial management, helping them during difficult downturns and crafting whole solutions to their issues, not just for today but for the future, as well. We are a bridge to a better place.