!
Get Help Now
(801) 208-5988
|  |  |
| --- | --- |
  + 
    - 
||  |  |
More Than Just Bankruptcy Attorneys
We Offer Complete Short Sale Services.
Free Consultation
Short Sale
## What is a Short Sale?
A short sale is the sale of the property in which your lender agrees to accept less than you owe. A short sale is almost always more favorable than foreclosure or  and may prevent the need to file bankruptcy if your mortgage debt is your primary concern.
## Why Vannova Legal
Vannova Legal negotiates single and multi-family residential short sales at no cost to the homeowner. We also support the U.S. Treasury Department’s HAFA program for participating lenders and qualifying loans. We have negotiated hundreds of short sales nationwide and understand how to work with the banks. Whether you need to stop foreclosure or are seeking a strategic alternative to resolve your negative equity, trust Vannova to provide a proven, legal means to satisfy your mortgage debt without a deficiency obligation, address tax implications, and protect your credit rating.
The banks have attorneys and they are not looking out for you. Trust the attorneys at Vannova Legal to negotiate in your best interest. If you are facing foreclosure, we monitor your sale date and provide you with alternatives in the event the bank is not cooperative with the short sale. We handle all of the communicate with the lender and counsel you accordingly. You can pursue a short sale at no cost and remain positioned to explore other options in the event the lender does not agree to a short sale or provides short sale terms that are unacceptable to you.
## Benefits of a Short Sale
An attorney protected short sale is often the best alternative for property owners who have little or no equity in the property or have limited financial resources for other alternatives. Short sales are less damaging to your credit than a foreclosure or bankruptcy. A short sale also gives the attorney an opportunity to negotiate the release of all of your debt secured by the home. It is always our primary objective to negotiate with the bank to waive any deficiency in full.
# Don’t Walk Away
## A short sale is almost always preferable to foreclosure.
## You can cancel at any time if the short sale is not in your best interest or you decide to pursue a broader legal strategy.
Free Case Evaluation
Meet Our Team
 Testimonials
| Jose L., Holladay, UT   Thinking about filing bankruptcy was the hardest thing my wife and I ever went through together. It was so stressful…   |
| --- |
| Marilynn L., Midvale, Utah   I was overwhelmed and didn’t know what bankruptcy chapter was right or if bankruptcy was right for me. Vannova Legal…   |
| Jose C., Phoenix, Arizona   I thought I could do a modification on my own but was denied days before a scheduled foreclosure sale. Vannova…   |
**AFFILIATIONS**
 !
**Call Us:** (801) 208-5988
**Visit Us:** 49 West 9000 South, Sandy, UT 84070
**Website: **
### Site Map
### Solutions
Copyright 2018 by Vannova Firm, PLLC |
Vannova Legal is a Debt Relief Agency. We help people file for protection under the United States Bankruptcy Code.
We Offer Complete Foreclosure Defense Services.
Services to Stop Foreclosure
## Facing Foreclosure in Utah?
If you are behind on your mortgage, facing foreclosure, or simply grappling with substantial negative equity, Vannova Legal can help.
Vannova Legal professionals have defended homeowners from foreclosure since the start of the housing downturn. We have seen first hand the tactics of the banks and have become experts at identifying causes of action and strategies for our clients. We don’t file form lawsuits and hope for delay. When we litigate, we systematically review every loan document, title document, securitization document and foreclosure document and identify causes of action unique to each case. We stay current on related case law and follow the foreclosure defense industry nationwide. As a matter of necessity when dealing with the big banks, we are aggressive and tenacious in our defense of our clients.
## Solutions to Stop Foreclosure
Although we are equipped to fight hard when appropriate, we know that most of our clients are battle weary and simply want a realistic, cost-effective solution that gives them a chance at a fresh start. Vannova Legal offers complete solutions to homeowners facing foreclosure, including:
We’ll consult with you, review the details of your situation, and then define the legal options that fit your situation and budget.
## Confidential…No Cost…No Obligation
We Offer Complete Loan Modification Services.
Loan Modification Services
## Put Our Attorney Loan Modification Professionals on Your Side
Horror stories abound about loan modifications denied at the last minute leaving borrowers facing immediate foreclosure. Although this is typically in violation of federal directives, we have seen first hand how the banks attempt to take advantage of borrowers that are not aware of their rights. At Vannova Legal, we make it cost effective for you to obtain the assistance of attorney loan modification professionals in or out of bankruptcy.
Vannova Legal handles all aspects of loan modifications including advising clients, assembling modification applications, reviewing qualification criteria, submitting loan modification applications, negotiating with your lender and standing up for your rights when the lender is not on your side. We support the Making Home Affordable Program Home Affordable Mortgage Program (HAMP) as well as direct modification programs with your lender. We understand the various underwriting guidelines and will prepare you before you submit your modification. Trust Vannova Legal to stand up for your rights. If you are ultimately denied, we have other options to stop foreclosure in Arizona & Utah.
## What is a Loan Modification
A loan modification is a re-structuring of your current loan term, interest rate, and/or payments. Occasionally, some of the principal balance of your existing loan may be forgiven and/or your loan term could be extended. These new terms are meant to provide you with an opportunity to stay in your home while making affordable payments for the life of the loan. It is a tool to help you avoid foreclosure if you are willing to make payments and have the income to sustain affordable payments.
## Types of Loan Modifications
Most clients are familiar with the HAMP program but there are many different types of loan modification programs available and each program has unique qualification requirements. Our loan modification attorneys and other professionals will help you understand which programs are right for you.
We Offer Complete Deed in Lieu of Foreclosure Services.
Call Now
(801) 415-9801
Deed in Lieu of Foreclosure
## What is a Deed in Lieu of Foreclosure?
A Deed in Lieu of Foreclosure voluntarily transfers ownership of the home from the homeowner to the lender. Because banks are not obligated to forgive deficiencies, terms must be negotiated.
The banks have lawyers and it is ill–advised to enter into a Deed In Lieu of Foreclosure without legal counsel. If a Deed in Lieu of Foreclosure is your best foreclosure defense alternative, Vannova Legal will negotiate the most favorable terms on your behalf and advise you of unfavorable terms being demanded by the bank.
## Benefits of a Deed in Lieu of Foreclosure
If the Deed In Lieu of Foreclosure is properly negotiated and the bank agrees to release the homeowner from any remaining obligations under the note, it may be mutually beneficial. The bank gets possession of the property without the expense and delay of bringing a foreclosure action while the homeowner prevents the credit ramifications of foreclosure, is released from any deficiency due under the note and gets a fresh start.
## Deed in Lieu of Foreclosure Stops Foreclosure and Eliminates Debt
We Offer Complete Lien Strip Services.
## What is a Lien Strip?
A lien strip is possible in a  when the fair market value of the property is less than the amount due on the senior lien. A second mortgage on a home is a common example of a junior lien that can be stripped if the value of the property is less than the amount due on the first mortgage. In this circumstance, the second mortgage can be stripped and the underlying note becomes unsecured and dischargeable. If the value of your home is worth less than you owe, you may be in a position to strip the junior liens and obtain a loan modification of the senior note.
The attorneys at Vannova Legal are interested in more than discharging your debt. We offer a full range of options, including but not limited to bankruptcy, to help you get a fresh start. If you own a home, it is standard practice for us to counsel you on the opportunity for a lien strip and loan modification. Our fee structure also makes it possible for the related fees to be deferred and paid through your Chapter 13 Plan.
## Benefits of a Lien Strip
By removing junior liens, you may be able to afford to stay in your home. Vannova Legal will examine your options in bankruptcy and with or without a loan modification.
# CHAPTER 13 BANKRUPTCY WILL STOP FORECLOSURE
## Save Your Home and Eliminate Debt