Antonelli & Antonelli represents buyers and sellers of condominiums, cooperative apartments, houses, buildings, and vacant land. We also guide owners through refinancing existing mortgages.
“We were first time home buyers and really lost in the whole process. Rich Antonelli helped us prepare for our closing, gave us regular updates on where everything was, as well as what to expect and what we needed to do as buyers. I will definitely be using Antonelli & Antonelli’s services again in the future.”
– David & Meredith, Jersey City, NJ » Read more testimonials
If you would like to speak with an attorney regarding a purchase, sale, or refinance, please contact us.
For the many home-owners experiencing difficulties handling their mortgage obligations, Antonelli & Antonelli offers legal advice and representation aimed at solving problems associated with sub-prime and high-cost loans, mortgage defaults, and foreclosure actions.
Loan modification, is an increasingly attractive mortgage solution for both borrowers and lenders. Bolstered by the federal Home Affordable Modification Program, and additional private programs, many borrowers facing foreclosure have the ability to prevent foreclosure, stay in their homes and reduce their monthly mortgage payments.
A short sale is essentially selling a home for less than the amount due on the loan; when the seller takes the sale proceeds to pay back his lender, he comes up short. Lenders are increasingly willing to accept such a deal in order to avoid the costly foreclosure process and cut their losses. This measure may be appropriate for home-owners who wish to withdraw from their mortgage obligations while containing damage to their finances and credit. A Short Sale is generally considered a settled debt and does not harm your credit to the same extent as a foreclosure.
Deed-in-Lieu of Foreclosure
A deed-in-lieu is another loss-mitigation technique used by lenders that borrowers are able to take advantage of. In this transaction, the borrower agrees to turn over the property deed to the lender in order to avoid foreclosure. Unfortunately, the borrower must forgo any monies previously invested in the property; the upside is that a deed-in-lieu is less harmful to your credit than a foreclosure. It is faster than a short sale and more likely to be accepted by the lender. A deed-in-lieu is often the fastest way out.
If you would like to speak with an attorney regarding foreclosure prevention, please contact us.