Are you in danger of losing your home?
Financial troubles can affect many areas of person's life, and result in legal actions taken by creditors to collect on a debt and foreclose or repossess. When a homeowner gets behind on mortgage payments, the lender will take various steps collect. If the situation cannot be remedied, the lender will file a foreclosure lawsuit.
There are many ways to avoid foreclosure, including a loan modification, deed in lieu of foreclosure, strategic default, and filing for bankruptcy. Once a bankruptcy petition is submitted, an automatic stay will be issued. This is a court order that will not only stop foreclosure, but also:
- Creditor harassment
- Wage garnishment
In a Chapter 13 bankruptcy, the restructuring of creditor payment plans, there are provisions that allow the stripping of a second and third mortgage.
How bankruptcy can be used to prevent foreclosure can be explained in more detail by a bankruptcy lawyer from David Holland Law. We have a comprehensive understanding of bankruptcy and foreclosure laws, and can work out a strategy to address your needs and concerns. An attorney from our office will review all of your financial data, mortgage agreement and other relevant information, and discuss the pros and cons of all of your alternatives.
Florida Foreclosure Attorney
Preventing the loss of your home when you are heavily in debt can require various tactics and legal remedies. At some point it may even involve deciding if keeping your home is the best solution given your current financial circumstances.
Our firm will do whatever it takes to protect your assets, and work with you to achieve the best possible resolution to your money problems. Contact David Holland Law today for legal advice if you are in financial trouble and in danger of losing your home.
Do not hesitate another day, click here to schedule a free consultation or call us today @ 941-306-3601