Fernandina Beach Attorney– Elements of a Short Sale

Unfortunately, many people fall prey to the numerous misconceptions about Florida short sales, resulting in their failure to pursue these means as a valid debt relief option. As an attorney that focuses heavily on representing those facing debt relief issues, I have heard all of them. The good news is that a Fernandina Beach short sale is a great option for a lot of homeowners that owe more money on their house or condo than it is worth. Accordingly, the following is a quick rundown of how a Fernandina Beach short sale proceeds:

  • Meet with Attorney Robert Peters: When trying to get a handle on your outstanding debts, working with attorney Robert Peters starts with a free consultation to go over your financial situation, your legal and financial goals, and all of the options available to you. If a short sale is the best option for you and your family, he will work on negotiating with the lender as well as the other important aspects of making sure you are approved for a short sale.
  • Providing Finances: When it comes to Fernandina Beach short sales, the amount of money you owe on your home or condo is more than the market value of the actual property. Other paperwork you will need to work with your attorney to prepare includes an accurate and up-to-date snapshot of all your finances showing that you are under a financial hardship and unable to keep up with your payments. Paystubs, other outstanding bills and bank statements usually make up the bulk of the hardship paperwork in short sale cases.
  • Determining Property Value: As mentioned above, to qualify for a short sale, you must owe more than your house or condo is currently worth and be late at least 3 payments. Upon receiving your initial request for a short sale, your mortgage lender will immediately order an appraisal of the property from one of their preferred companies to determine the value of your property. so you can get your property on the market as soon as possible.
  • Bona Fide Offer: Working with a real estate agent and your attorney to find someone who can and wants to buy your property is the next important step in the process. A bona fide offer in a short sale is a little different than a traditional sale in that everyone who has any interest in your property will need to approve the sale of your property – this includes your bank but also anyone that may have a lien against your property as well.
  • Necessary Approvals: Even if you qualify, have shown a hardship, and found a willing buyer, you still need to secure the necessary approvals from your bank to proceed with a short sale. This involves careful negotiations that the short sale is in all parties (including 2nd mortgages) best interest and best left to an experienced attorney to make sure the conversation goes favorably to you.

While the name certainly implies otherwise, a short sale can actually be a lengthy process because of the need to work with third parties, your bank and others on the approval to handle your debt in this matter. For this reason and many others, working with an experienced attorney is always your best option and handling any debt situation. Robert Peters Attorney can help.

If you would like to learn more about Short Sales, check out my book “the Florida Short Sale Survival Guide” by clicking HERE.

Robert Peters Attorney

When dealing with any type of debt situation, you want to make sure you learn about all of the options available to you before making a decision. As a licensed Florida attorney, a Certified Public Accountant, and a credit counselor—I have the training and track record you want guiding you throughout a short sale. Pick up the phone today and give me a call now at (904) 421-6907 to learn more about your legal options.

A Foreclosure Defense Attorney in Jacksonville that Understands

If you are a homeowner in the Jacksonville, Florida area and are facing a foreclosure due to being unable to pay your mortgage, then you need to talk to a foreclosure defense attorney in Jacksonville that residents trust – one from the firm of Robert Peters.

Steps to Getting and Talking with a Foreclosure Defense Attorney Jacksonville

The first step to getting a handle on your foreclosure problem is to call the firm of Robert Peters to get a free evaluation from the foreclosure defense attorney Jacksonville homeowners can trust to explain all the possible options and answer lawsuit questions.

The next thing the foreclosure defense attorney in Jacksonville will do is defend the foreclosure and discuss with you which option to use, including the choices of a loan modification, a short sale or bankruptcy, depending on your situation. Our skilled lawyers know all the rules and regulations regarding foreclosure and can work with you and your mortgage holder to get a satisfactory solution to your problem.

Foreclosure Lawyers Can Help Stall or Halt the Process

No matter how horrible the situation appears, we can show you that choices are always there and we will help you to find the one right for your situation. In many cases, the foreclosure defense attorneys in Jacksonville in our firm can completely stop or at least slow down the foreclosure process. We understand just how stressful a foreclosure situation is and that when you can’t pay your bills, it can be very traumatic.

We strive to provide supportive and understanding attorneys that know how to be in control of this sort of issue and know how to work to find a suitable solution to make things better for you and your family. Don’t dawdle in calling us to get a consultation, as the longer you delay, the worse the situation will become. Let us at Robert Peters help you to get out from under your financial crisis.

Book an Appointment with Robert Peters Today for Foreclosure Help

Facing a foreclosure alone is not a good situation to put yourself in, as there are many things you can do such as loan modification or other solutions. Let the foreclosure defense attorney other Jacksonville homeowners turn to help you to save your home, call us at Robert Peters Attorney for more information at (904) 421-6907. We truly understand the stress you are under and can provide answers and solutions that can help set your mind at ease.

4 Bankruptcy Mythbusters

For many, considering Bankruptcy can be one of the most frightening financial decisions a consumer makes, but it doesn’t have to be. If I told you that your debts and prior financial mistakes would be completely forgiven, and you will get a clean slate, or according to the bankruptcy code a “fresh start”, would you consider that scarey? . . What I can tell you is that most folks create their own stress about bankruptcy based on unfounded fears. That’s why I want to make sure you know all the facts. That way, you can put your best foot forward as you try to cope with this situation with as much dignity and grace as you could muster. Let’s set the record straight about some of the myths about Bankruptcy

Common Myths

  1. I will lose all of my personal belongings. NOT TRUE! Most of the cases that I file are considered no-asset cases, meaning the trustee determines the debtor has no valuable assets to be liquidated. You see if you file for chapter 7 bankruptcy and qualify, then you get to keep up to $1000.00 per person of your personal belongings, as well as up to $1000.00 towards equity in a vehicle, and any equity in your home is completely off limits. If you don’t have a home with any equity or your rent, each debtor is entitled to keep an additional $4000.00 of personal property. Most folks have car payments leaving no real equity in their vehicles, and let’s be honest, used household furniture is rarely valuable to a trustee, so yard sale values are normally used when valuing household items. If you are one of the rare cases that actually have additional assets, you still have options to keep your belongings. That’s why it is vital that you consult with a Jacksonville, Florida Bankruptcy Attorney about the specifics of your situation.
  2. I will lose my job if I file bankruptcy. This is ridiculous. Under the law, no employer, government or private, can fire you because you file for bankruptcy.
  3. I will never be able to get good credit again. Wrong again! There have been plenty of cases in the past where people who’ve gone through the worst personal financial disasters were able to build their financial reserves back up again and in the process, regained their good credit standing. So it’s not a matter of reading your credit history that’ll convince banks to give you a chance once more. It’s the thought of whether you did something to change that or not, to improve on it or not, that’ll decide the situation in your favor. My personal goal is to get you back on track financially. That’s precisely why I pull both pre-bankruptcy and post-bankruptcy credit reports. I want to make darn sure that your creditors are properly reporting to the credit bureaus after your bankruptcy. If they aren’t, we can file a lawsuit against the creditor to correct your credit reports, and you can be awarded monetary damages.
  4. It’s hard to file for bankruptcy. Not if you’ve got the handy assistance of an excellent attorney, though. For a great choice of a chapter 7 bankruptcy attorney in Jacksonville, you can get in touch with us at Robert Peters Attorney. Call us today for more information.

Stay Informed

If you are considering filing bankruptcy, keep these 4 myths in mind. Don’t be afraid to ask your attorney questions. This way, you’ll have all thefacts as you move forward.

Tips and Hints From a Loan Modification Attorney in Jacksonville

If you are having problems paying your mortgage payment and worry you could lose your home, one thing to consider pursuing is a loan modification. If you are in the Jacksonville, Florida area, you can get advice from a loan modification attorney Jacksonville homeowners can trust – Robert Peters Attorney.

Getting a mortgage loan modification can be very confusing, especially if you are already nervous due to possible foreclosure of your home. That’s why having an experienced loan modification attorney in Jacksonville, like Robert Peters, on your side is a smart choice. You can set up a free consultation to see if you qualify for a mortgage loan modification.

Tips and Hints from a Loan Modification Attorney in Jacksonville

First, make an appointment to speak with a qualified loan modification attorney in Jacksonville by calling the office of Robert Peters to discuss your current situation. Our lawyers will answer any of your questions regarding the proper procedures and explain how each step in the process works.

For instance, you will need to submit financial documentation like paycheck stubs to show hardship in not being able to pay your mortgage on time, as well as a budget and various other financial documents. Robert Peters Attorney will guide you through the process and assist you with filling out the proper forms and explain what they are for. It’s vital to provide all of the requested documentation to avoid delays in the approval process.

Keep in Contact With Your Lawyer

You also should stay in contact with your loan modification attorney in Jacksonville to advise him or her about anything new going on, etc. You need to remain calm and flexible during the process of waiting to get the modification approved. There is a lot that goes into the process and it can take a while to finish since everyone’s situation is slightly different.

Thousands of people in the Jacksonville area are in the same situation and Attorney Robert Peters will do his best to help people like you stay in their homes. He will guide you through the loan modification process to get your mortgage restructured into a more affordable payment.

Banks Robert Peters Attorney Works With on Loan Modifications

So, if you are living in the Jacksonville, Florida area and are suffering with mortgage payments you can’t afford, then talk to us about a loan modification to see if you qualify for the program. So far, our loan modification attorneys in Jacksonville have worked with banks such as Wells Fargo, Chase, Bank of America, Quicken loans, as well as PHH Mortgage, CitiMortgage, and also with Flagstar, Penny Mac and Freedom Mortgage. Call us today at 904-421-6907 or email us at michelle.peterslaw@gmail.com!

The Nitty Gritty of Student Loans

SL PICFor many Florida college students, acquiring student loans is a must. It is easy to find yourself lost in large amounts of debt as student loans have a sense of free money when you are receiving them. However, students must remember that all this money will not only have to be paid back but, paid back with interest.

Most students whether in undergrad or graduate school take out federal unsubsidized Stafford loans. This is a type of loan where the borrower is responsible for the accrued interest. Interest starts to accrue on unsubsidized Stafford loans from the time they are first disbursed. Six months after the student graduates known as the grace period, the first payment and the accrued interest is capitalized.  This basically means the interest is added to the principal balance and interest then start to accrue on the new, larger balance. For more information on the different types of student loans click here.

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How can a Jacksonville Short Sale Attorney help you?

short sale helpIf you are facing a foreclosure on your home in Florida, you should definitely consider doing a short sale. A short sale is when you sell your home for less money than is owed on your mortgage, and the lender forgives the difference on the amount owed.

Short sales have become extremely popular as they are often a win-win for everyone involved. The sellers get to walk away without owing any deficiency balance, as well as no foreclosure on their record, and sometimes get cash back at closing. For buyers, they are getting a home at a reduced price, and there are often other incentives given to buyers for purchasing short sales in the form of lender paid closing costs. Lenders benefit because they don’t have to pay to finish the foreclosure, take back the property, market and maintain the property. It’s a short cut for them. Short sales do typically take longer than the average sale of a home, but if you and your buyers are patient, everyone can benefit from the process.

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Chapter 7 Bankruptcy Attorney Jacksonville – An Effective Solution to Your Financial Woes

end of rope If you have come to the end of your rope and considering filing bankruptcy it might be a little scary, but let’s go ahead and debunk those fears. Today we will discuss the different aspects of the most commonly filed bankruptcy, the Chapter 7, also referred to as liquidation bankruptcy or straight bankruptcy. Because I don’t know the specifics of your financial situation, I highly suggest contacting me, Robert Peters, a Chapter 7 bankruptcy attorney in Jacksonville to get information more pertinent to your particular situation.


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A Few Facts about Chapter 13 Bankruptcy Attorney Fernandina Beach


A financial crisis can leave you devastated. You may be going bankrupt. You may feel that you are not able to control the situation. Bankruptcy is traumatizing. But do not panic or be ashamed. There is help available from a Chapter 13 bankruptcy attorney in Fernandina Beach if you are in the area. Personal bankruptcy can be categorized into Chapter 7 or Chapter 13. Your financial situation will help in determining which category you will fall into. Let’s gain a deeper insight into Chapter 13 Bankruptcy.

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CREDIT CARD PICThis is a question that I hear pretty often, so let me clarify this for you. One of the requirements of filing a bankruptcy is full disclosure of all assets and liabilities. When you sign your bankruptcy petition, you are doing so under penalty of perjury and nobody wants to be accused of defrauding the federal bankruptcy court. Continue reading IF I FILE BANKRUPTCY, CAN I KEEP ONE OF MY CREDIT CARDS?