Is Your House “Underwater”?

What You Can Do If Your House Is Underwater

We’re several years into the housing meltdown and foreclosure avalanche of cases and what have we learned? The “middle class” as usual seems to have been left behind to fend for themselves. Many homeowners are now “underwater”. Preserving the “American Dream” is more difficult than ever and uncertainty seems to rule the day.

Today lenders are in the midst of a “moratorium” as they review their loan documents and legal procedures. With so many homes “underwater, there is little doubt that a new wave of foreclosure filings is soon to hit the courthouses. While legal decisions rendered by appellate courts across the state and nation in the last year have given homeowners and investors more ammunition than ever to defend their property and preserve their rights, there is little doubt fundamental fears persist. To use a sports metaphor, what “quarter” of the financial meltdown are we in? Answer: no one knows for sure!

For those of us representing people “on the front lines” in negotiations and courtrooms across the tri-county area, we have surely learned that people with homes fighting to preserve their American Dream is the only option when dealing with a foreclosure lawsuit. Yet, for millions not sued but “underwater” (meaning they owe more than their home is worth), the question is always, “… is there anything I can do?”. The answer is “You bet!”. Fact is most people “underwater” try it themselves or look for help that too many times turn out to be unqualified or do not have the legal skills to identify the weaknesses in the lenders loan that could serve to encourage an approval. Without a team that understands the legal shortcomings of your particular loan situation, short-sale and loan modification negotiations cannot be successful.

Hiring a law firm that focuses in this area is your best chance of getting a short-sale or loan modification approval for the long-term. So yes, “you bet”, you can do something even when you have not been sued especially if you know it’s unlikely you’ll climb out of that financial hole without help. All you have to do is take ACTION TODAY!

If your home is “underwater”, do not lose your house. The Reyes Law Group helps people aggressively litigate their case, negotiate their loan modification, and/or short-sale  transaction because in the end, YOU too deserve a passionate voice to help you fight to defend your property and/or preserve your rights!

Carlos J. Reyes  is the Principal of Reyes Law Group. He has been a member of the Florida Bar since 1988 and practices state-wide.  Carlos has been awarded a rating of “AV Preeminent” which is the highest possible rating in both legal ability and ethical standards by Martindale-Hubbell – a well-recognized legal resource. The RLG Legal Team also include attorneys Stephan LopezMelissa J. UlloaPhillip A. Ortiz and the RLG Legal Support Team to bring you a dedicated, experienced and dynamic legal team to handle your legal needs.

We also assist clients in the areas of: Civil LitigationReal Estate LitigationResidential Purchase & SalesCommercial Acquisitions & SalesResidential Landlord-Tenant LitigationCommercial Landlord-Tenant LitigationShort Sales NegotiationsLoan ModificationsCriminal DefenseCivil Rights ClaimsFamily LawCorporate Work, and Labor & Employment Law.

Call us for a FREE consultation at (954) 369-1993  Se Habla Español.

Visit our firm website and review our credentials.

We are located at 150 S Pine Island Rd #210, Plantation, FL 33324


The Reyes Law Group BLOG is intended to provide information to firm clients, friends and potential clients about various legal related topics. Nothing in this BLOG should be construed as legal advice or a legal opinion. Readers should not act upon the information contained in this BLOG without seeking the advice of legal counsel.

The hiring of a lawyer is an important decision that should not be based solely upon advertisement.  Before you decide, ask us to send you free information about our qualifications.

The following two tabs change content below.

Reyes Law Group

Reyes Law Group represents clients in a multi-disciplinary legal practice involving real estate transactions and litigation with a “footprint” that covers the State of Florida. Over the firm’s first 10 years, Reyes Law Group has closed over $100M in commercial closings, representing buyers and sellers in contract negotiations, due diligence, and the related title review and policy issuance related to closings. In litigation, the firm has commercial litigation experience focused on prosecuting or defending claims such as breach of contracts, partition actions, trade secret violations, and breach of non-competes. However, our firm’s MAIN FOCUS is assisting asset and loan portfolio managers, investors and private lenders with a “ 4-PILLAR APPROACH” to the legal challenges they face with non-performing assets: 1) LOAN WORKOUTS; 2) COMMERCIAL FORECLOSURES (across the State of Florida); 3) COMMERCIAL EVICTIONS; and 4) REO COMMERCIAL CLOSINGS.30+ years’ legal experience means - WE CAN HELP!

Latest posts by Reyes Law Group (see all)

%d bloggers like this: