Blog

Don’t Risk Foreclosure: Seek Out Assistance on a Short Sale

short sale sign of real estate for sale in front of a white houseIf you’re reading this, there is a chance that you’re frustrated and perhaps frightened by the fact that you are struggling financially and could lose your home to foreclosure. The fear is not unfounded – one in every 662 Florida homes is foreclosed upon every year, according to data reported by RealtyTrac. Instead of risking the damage that a foreclosure can cause to your credit history, seek out assistance in securing a short sale of your home.

Foreclosures generally occur after homeowners struggle for months to catch up on mortgage payments. Whether it’s a medical emergency, divorce, job loss or other circumstances that cause a financial crisis, it happens too often. The mortgage company is blind to the reasons you are struggling. What they do see is how long you’ve failed to pay you're monthly bill, and they will take action against you.

Continue reading

How Soon After Bankruptcy Can I Buy a Home?

Front view of single small house in the United StatesJust because you’ve filed for bankruptcy doesn’t mean your chances of owning a house are forever in doubt. If you are otherwise able to become credit-worthy in the future, filing for chapter 7, 11, or 13 will not create a permanent roadblock for you in your home-buying ventures. However, there are some stipulations you need to know about.

Depending on which chapter of bankruptcy you filed under, 7 or 13 (which are the most consumer-centric forms of bankruptcy), determines when you’ll be eligible to purchase a home. However, there are provisions for people who have filed for chapter 11 that are worth noting if you haven’t yet declared bankruptcy. Chapter 11 allows individuals and businesses rearrange their finances and repay portions of their debt. Most plans for chapter 11 last three to five years, but it can be used to stop a foreclosure of your current home and catch up on late mortgage payments, rewrite the terms of a mortgage, and pay down tax liability without interest.

Continue reading

Archive

Personalized attention is what you can expect when reaching out to us.
At Szabo Law Group you are not just a client you are our priority. Let us help you with your case.
The Szabo Law Group has two convenient locations: one in the heart of the leading international corporate park by Sawgrass Mall in Ft. Lauderdale, and the other on Hollywood Boulevard by the Hollywood City Clerk building in Hollywood, Florida.
address1391 Sawgrass Corporate Parkway, Ft. Lauderdale, FL 33323
fax954-680-9805
address2321 Hollywood Blvd,
Hollywood, FL 33020
emailThis email address is being protected from spambots. You need JavaScript enabled to view it.

Contact Us

WaitingSending...
bcba logo
dcbar logo
florida logo
pholadelphia logo
Szabo Law Group, P.A. provides personal and small business bankruptcy, foreclosure and immigration representation to clients throughout Broward County including, but not limited to Coconut Creek, Coral Springs, Dania, Davie, Deerfield Beach, Fort Lauderdale, Margate, Plantation, Pompano Beach, Sunrise, Tamarac and Weston.
WaitingSubscribing...
Thank you for your registration!
Please check your email for further instructions
Join our mailing list
Qualified Attorneys - Legal Help - Personalized Attention