Short Sales. A short sale may be a viable option for you, if you are interested in selling your home and want to ensure that you do not have a foreclosure on your credit.  When a homeowner owes more than a property is worth, a short sale may be a way that a he or she can avoid foreclosure and also pay off their loan by settling with the mortgage lender.  A short sale is often less expensive and time consuming than foreclosure and will help a homeowner avoid having a black mark on his or her record that a foreclosure would bring. You need to begin working with an attorney before it is too late and your home forecloses before you can do anything to stop it.
Deed in Lieu of Foreclosure.A deed in lieu of foreclosure is a legal process wherein the borrower and lender sign documents in order to transfer ownership of the property from borrower to lender, and cancel the debt. The lender will waive any right to seek unpaid debt if unable to recover the full amount owed through the sale of the property, and the borrower will be released from all liability to pay the mortgage.  When other options fail or are simply not possible, a deed in lieu may be the only way a borrower can avoid having a foreclosure on his or her credit report.
Bankruptcy.  Bankruptcy may be an option if you are overwhelmed with debt and are facing foreclosure. Bankruptcy will immediately stay all foreclosure proceedings and may still allow you to keep your house while you pay off your outstanding debt over a period of years.
Litigation.  After completing a forensic mortgage investigation, an attorney might un cover Truth in Lending (TILA) or Real Estate Settlement Procedures Act (RESPA) violations, which can be litigated against lender. 

Have you fallen victim to unscrupulous mortgage lenders? Contact a Florida Mortgage Loan Modification attorney today for a free, no obligation consultation.