If you are trying to modify your loan, negotiate a Short Sale or Deed-in-Lieu of Foreclosure, don’t rely on the bank not to try and foreclose on your home while you are negotiating with them. Talk to a Foreclosure Defense Attorney in Sea Ranch Lakes to find out how fighting the Bank in Court can benefit your Loss Mitigation Efforts, and how not participating in your own defense can actually harm your chances of working out a deal with the Bank. A qualified Foreclosure Defense Attorney in Sea Ranch Lakes can help you negotiate with the Bank while they fight the Bank in Court. Stand up for your rights before it is too late.
A Foreclosure Defense Attorney in Sea Ranch Lakes can help defend you against a Deficiency Judgment. Did you know that after a Foreclosure Sale, your lender can get another judgment against you for the difference between what you owed and the value of your property? Even worse, if you don’t defend yourself in the Foreclosure, they don’t have to tell you that they are asking the Court for the Deficiency Judgment. Worse yet, the Judgment is good for 20 years and they can use it to seize your bank account or garnish your wages. Talk to a Foreclosure Defense Attorney in Sea Ranch Lakes today and protect your rights.
A Chapter 7 Bankruptcy authorizes the Bankruptcy Trustee to liquidate your non-exempt assets and “liquidate” or sell them in order to settle your debts for pennies on the dollar. The important question is then, what assets are exempt? As a good Bankruptcy Attorney in Sea Ranch Lakes and he will tell you that your home is exempt, you are allowed up to $1000 of equity in your vehicle, $!000 worth of personal property (think garage sale value). On top of that your 401(k) and most IRAs and life insurance policies are exempt. Talk to a Qualified Bankruptcy Attorney in Sea Ranch Lakes to learn more.
A Chapter 13 Bankruptcy is a repayment plan. Once your bankruptcy is filed your attorney will file a Chapter 13 plan with the Court and ask the Trustee to approve it. Your plan, essentially consists of 90% of monthly disposable income (your gross income minus taxes and regular living expenses) being paid to the Trustee who uses that money to pay off your secured debts first (mortgage, car payments, etc) and then to pay your unsecured debt (credit cards, medical bills, etc) for pennies on the Dollar. A Bankruptcy Attorney in Sea Ranch Lakes can help you figure out what type of Bankruptcy is best for you.