Mortgage Lawyer Clearwater, FL
Our mortgage lawyer Clearwater, FL, residents recommend knows that top concerns coming from families considering bankruptcy are whether they will remain in their home. Bankruptcy may be an option, but it’s essential to weigh the options before making a decision carefully. When someone files for bankruptcy, they experience temporary relief from attempts to collect debts. As a result, the foreclosure process comes to a stop, but it is only a temporary solution. Carolyn Secor, P.A. can play a key role in counseling those in debt with the best way to move forward. She will work with you to understand your particular situation and determine whether it’s possible to keep your home. In some cases, filing for bankruptcy may be the most appropriate option, and our lawyer can guide you in choosing the chapter that is right for you. Don’t hide from the problem. By taking action, you are taking control, which will ultimately provide you with the relief you need.
Temporary Relief From Creditors
When a person is struggling with debts and looking to protect their property from foreclosure, bankruptcy may be the right option. When a person files for bankruptcy, they are granted what is called an automatic stay. Our Clearwater, FL mortgage lawyer can share that essentially this stops creditors from collecting debts during bankruptcy proceedings. If your home is in foreclosure, it may be a way to stop the process, for the time being, allowing time to develop a plan for what should happen next. Being default on a loan or missing payments for other debts often will result in creditors making attempts to collect or settle the debt. Constant phone calls and letters can be overwhelming and feel like a constant reminder of the financial pressures you are experiencing. When the automatic stay puts a stop to this, it can come as a huge relief.
Determining the Right Bankruptcy Chapter to File
Choosing the right type of bankruptcy to file is incredibly important, especially when you are looking to retain an asset such as a home. Bankruptcy can be a beneficial way of managing debts but know that to keep your home; you will need to make sure that you can afford the payment. The last thing you want is to find yourself in the same situation again down the road. Your lawyer will look at the equity you have in the home and how far behind you are on the payments when strategizing whether to file for Chapter 13 or Chapter 7. This will also go hand in hand with the exemptions available in the state of Florida. Having your home foreclosed upon can be devastating, and taking immediate steps to remedy the situation will provide you the best opportunity to save it. Waiting too long will impact and ultimately put you at risk of having your home officially foreclosed on. To thoroughly weigh your options, and strategize the best course of action, call a lawyer today.
Don’t Hesitate to Move Forward
If you are unable to make your mortgage payments, it can be challenging to catch up, and as a result, your mortgage lender may initiate the foreclosure process. This will start with the lender making attempts to collect the arrears they are owed. Financial challenges are shameful and even taboo but, they don’t have to be. When you ignore the problem, you lose all control over what happens next. Although emotion and stress may be at an all-time high, you must face the problem head-on. While it can be easy to ignore, the reality is that the problem will still be there no matter how hard you try to pretend that it isn’t. Let us help you take control of your finances and experience the relief that you deserve.
4 Popular Reasons To Hire a Mortgage Lawyer
If someone finds themselves in over their head in credit card debt, student loan debt or any debt that is causing them to have to consider filing bankruptcy, it may be a good idea to speak with a mortgage lawyer in Clearwater, FL. An attorney that works in this field has experience with helping people recover from massive debt. Assets like the house and the cars need to be dealt with, but some may end up going to auction. Here are several popular reasons why people hire a mortgage attorney in Florida.
1. Deciding What Assets To Keep
Many people who begin considering bankruptcy as a solution to their debt want to know what assets they will be able to keep. Most importantly, people want to know if they can still live in their homes. While it’s difficult to say and each situation is different, it is very important to take a free consultation with a mortgage lawyer in Clearwater, FL, such as one from Carolyn Secor, PA. An experienced attorney might be able to help assemble a list of which assets to keep and which might need to be sold.
2. Deciding What Chapter To File
Navigating the process of bankruptcy can be a challenging thing to do. A professional such as a mortgage lawyer in Clearwater, FL, should be able to assist with choosing the correct path in bankruptcy. Filing and going through the court process is going to require the services of a trained attorney who is familiar with the state laws.
3. Deciding if Bankruptcy Is the Right Choice
There are some checklists to look at when deciding if bankruptcy is the best process available for a person in a certain financial situation. A good rule of thumb is if debt collectors are calling regularly and the debt owed is more than can be earned in one year. Americans in every state do choose to file for bankruptcy every day. With massive credit card debt plaguing society in our super-consumer marketplace, the amount of people choosing to file bankruptcy and reset their credit is overwhelming.
4. Deciding How Long Bankruptcy Takes
Different chapter filings take different amounts of time to process. A free consultation with a mortgage lawyer in Clearwater, FL, will most likely answer a lot of questions one might have about the length of the court process beginning to end and how long it will take before one can begin building credit again. Resets take time, but the sooner a person chooses a lawyer such as one from Carolyn Secor, PA to help out and guide the process, the sooner one’s finances can be back on track.
If you are facing foreclosure and hope to keep your home, bankruptcy may be the most appropriate option for moving forward. However, know that sometimes you may find an alternative solution which is why the assistance of Carolyn Secor, P.A. is critical. The process can be complicated, and we want to help you understand the path moving forward while also representing your best interests. We will work closely with you to ensure that all possibilities are thoroughly evaluated. To learn more about how we can help, schedule a consultation with our Clearwater, FL mortgage lawyer before it’s too late.