Foreclosure attorney in hollywood florida,rental homes in panama city beach florida,foreclosures in crawfordville florida,foreclosed homes for sale in long beach island nj directions - Easy Way

You can breath easier when contacting a bankruptcy and foreclosure attorney such Francisco Ceiza , part of your first steps toward easing your financial burdens.
If you have received legal papers notifying you foreclosure procedures have been initiated, it is normal to feel a sense of hopelessness. Bankruptcy is an important legal right and cannot be ignored as a strategy available to allow an individual to get a fresh start. The most important issue to realize about credit card debt is that it is not insurmountable. As defined by an act of Congress, the Law Office of Jeffrey Solomon is a debt relief agency. Announcement: Jeffrey Solomon received The Lynn Futch Professionalism in Practice Award from the Broward County Bar Association in 2013. Announcement: Jeffrey Solomon has been appointed Chair of the Bankruptcy Section of the Broward County Bar Association for 2006-2010.
Law Office of Jeffrey Solomon is located in Hollywood, FL and serves clients in and around Dania, Hallandale, Hollywood, Fort Lauderdale, North Miami Beach, Miami, Pompano Beach, Hialeah, Opa Locka, Broward County and Miami-dade County. BANKRUPTCY LAW You or your business can declare bankruptcy once you have ascertained that it has become impossible to pay off your creditors. Foreclosure is the process used by lenders to have your home sold at public auction in hopes of having your promissory note paid in full. A Forbearance Plan requires you to negotiate with the Lender to arrange for a delay reduction in payments for a short period of time; usually 90 to 180 days. Upside: Allows the homeowner to make back payments over time and reestablish their creditworthiness.
A mortgage modification involves qualifying for a reduction of one the following: the interest rate on the loan, "the principal balance of the loan", the term of the loan, or any combination of these. The whole process depends on your disposable income; disposable income is what is left from your earnings after necessities are taken out.
By filing bankruptcy, you can reduce your monthly expenses and possibly qualify for a modification. If a homeowner owes more on their property than it is currently worth, then they can hire a qualified real estate agent to market and sell their property through the negotiation of a short sale with their lender.
Benefit: A short sale allows the homeowner to avoid foreclosure and salvage some of their credit rating. Drawback: Short sales can be a trying process in which a homeowner is best served by contracting with a qualified real estate agent to guide the way. Usually after four or so months of missed payments, the lender will file a complaint to foreclosure on the house. If you fail to respond to the suit a default judgment will be entered against you; the case will move quicker and the auction will be a few months away.

If defended, the suit will be litigated until a judgment is rendered and a courthouse sale date is ordered. On the sale date, the property will be sold and the proceeds, if any will be applied to pay down the loan owed to the lender.
Just because you are in a modification program or payment plan does not stop your obligation to respond within the 20 days.
A letter or conversations with your lender or the lender's attorney does NOT protect your rights and defend the Foreclosure.
Loan modification discussions by credit counselors, mortgage brokers or others, are NOT enough. If you fail to file your response timely, the Lender will be entitled to a quick default and the sale date will happen faster.
Defenses and counterclaims will differ based on each individuals circumstances surrounding your loan.
Our credentials provide a solid foundation for professional assistance to Florida homeowners facing foreclosure. If you need the assistance of a South Florida Foreclosure Defense Attorney, please call us at 954-320-6940 or toll free at 888-828-9009 for a free, confidential consultation and for legal guidance.
We have provided legal services in South Florida since 1980, and we continue to provide personal attention to our clients. Lauderdale bankruptcy attorney,   Hollywood FL bankruptcy attorney, Miami bankruptcy attorney, Pembroke Pines bankruptcy attorney, South Florida bankruptcy attorney, Broward County bankruptcy attorney, Miramar bankruptcy attorney, and bankruptcy lawyer for surrounding areas including Davie, Plantation, Coral Springs, Pompano Beach, and Boca Raton. Other products and services may be trademarks or registered trademarks of their respective companies.
It can give you a chance to start over from a financial point of view, as most debts are relieved after the bankruptcy case is settled. This solution does not require the lender's approval and will 'reinstate' a mortgage up to the day before the final foreclosure sale. In a Repayment Plan you work out a plan to pay back all outstanding payments, charges, fees and costs. For the investor there is the possibility of re-evaluating the collateral and reducing the secured part of the loan. This typically requires the property to be on the market and the homeowner must have a financial hardship to qualify.
This also keeps foreclosure off the individual's public record, and in many cases will allow the homeowner to avoid a deficiency judgment.
Generally, you have 10 to 15 days from the sale date to vacate before you can be evicted by the Sherriff upon 24 hours posted notice.
Ultimately, you borrowed the money, you can not make the payments, and it is likely that you will loose your house in the end.

We can assist you with bankruptcy, foreclosure, repossessions, credit card defense and loan modifications.
Our goal is to provide the highest quality legal services to you and your family in a timely fashion.
If successful the homeowner sees a lower monthly payment including the insurance and taxes. As a delay tactic in foreclosure, filing bankruptcy is not the right choice if not part of an overall viable solution.
Hardship can be simply defined as a material change in the financial stability of the homeowner between the date of the home purchase and the date of the short sale negotiation.
Borrower may qualify for another mortgage in as little as 24 months (as opposed to five years for a foreclosure). It makes not real sense to avoid service as the complaint can be served by publication in the newspaper. Although the lender has the right to seek a deficiency judgment against the owner; the lender seldom does.
1st Mortgage will strip off the other liens; however, you will continue to be liable, for the balance owed on the promissory note or the HELOC.
Sadly, foreclosures are being filed at the highest rate since the Great Depression of the 1930s. Currently, several Trustee require the homeowner to vacate the home if they are not going to reaffirm the debt.
Acceptable hardships include but are not limited to: mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation, and more. Assuming your financial situation is poor or your asset protection structures are good, you may be able to settle for pennies on the dollar.
A good attorney could potentially help you better understand your options and position you for financial recovery. So the delay could be just 6 weeks, and you have destroyed your credit and lost the right to file for 7 years. The Brien Law Group provides expert commercial property legal services.A  A  read moreEstate Planning Whether you have a simple estate with assets that you want preserved for your surviving spouse, or have an estate that includes property, business ownership and complex asset distribution concerns, we are here to help.

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