What am I going to do now? How do I make all this go away? When will I be out of debt? Will I ever be able to own a home again? How will a foreclosure impact my credit? Are there any options left?
If these are some of the questions that occupy your daily thoughts then it is time to work towards a financial fresh start with Florida attorney Robert Peters. I understand that you feel like you have the weight of the world on your shoulders and feel like there is nowhere to turn but that is simply not the truth—you have options when facing a Florida foreclosure. Robert Peters can help you handle whatever debt issue you and your family may be dealing with and come up with a plan that gets you debt free once and for all.
A Florida Foreclosure can be a very scary prospect and whether you are behind on just a few payments or seriously delinquent and facing a foreclosure in the very near future, working with an experienced attorney represents your best chance of coming up (and being granted) the best solution for you and your family. For many of my clients I work with to help with their foreclosure defense they have two main concerns they express to me during our initial conversation: 1.) Questions about how a foreclosure will impact their credit score and their ability to obtain credit going forward; 2.) Questions surrounding finally getting out of debt for good—something they never thought would actually be possible given their current situation.
Concerns about your credit following a foreclosure are definitely not misplaced and it is a conversation I have with all of my clients. A foreclosure is not only a glaring negative mark on your FICO score but it also stays there for a very long time—seven years to be exact. One way to help avoid the blemish of a foreclosure and finally be done with your mortgage payments is to actually sell your house back to your mortgage lender that has been giving you all your headaches lately. This is known as a deed-in-lieu of foreclosure. Here’s a quick look at some of the main benefits of this type of mortgage conveyance:
- Immediate settlement of all your outstanding debt on your defaulted loan
- Less public than a foreclosure proceeding
- Less of an impact on your credit score than a foreclosure
- Oftentimes mortgage lenders will pay you cash for keys
A deed-in-lieu foreclosure can also be an attractive proposition to a lender over a foreclosure because it greatly cuts down and the time and cost associated with a formal foreclosure proceeding. Other ways to avoid a Jacksonville or Fernandina Beach foreclosure include applying for a loan modification or forbearance and doing a short sale. The best option for you really depends on your current and future financial situation. Whenever you meet with me for any debt management issue, I always present you with all the options. If you are curious about a Florida deed-in-lieu foreclosure or other ways to avoid a foreclosure proceeding, give attorney Robert Peters a call today at 904-421-6907 to discuss your options and how he can help.
Robert Peters Attorney
Looking for help conquering your seemingly insurmountable debts? Look no further than Florida attorney Robert Peters. Serving Jacksonville, Fernandina Beach and the surrounding areas Robert Peters is here to help you start fresh and find the best debt management solution for you and your family. Give me a call today at (904) 421-6907 and let’s begin working towards a solution that works for you and your family. I look forward to speaking with you!