Ramifications of Foreclosure
Our Palm Beach Foreclosure Lawyer Can Protect Your Rights
There are some negatives that you are likely to face if you don't defend
against foreclosure. A foreclosure on your credit report is often far
more damaging than even
bankruptcy; in bankruptcy, you can actually improve a bad credit report, as you no
longer owe the debt, and can immediately begin improving your credit by
carefully managing it thereafter. After foreclosure, it is much harder
to gain credit to purchase property in the future. A great many things
can seem confusing after this process, and it's easy to get lost in
Don't let this happen to you,
contact our Palm Beach foreclosure defense attorney.
Want to Avoid Foreclosure?
Banks and other lenders are extremely hesitant to allow a person to get
another mortgage if they have failed to keep up with payments in the past,
and the bank had to repossess the property. In many cases, you are better
served to seek another solution to foreclosure, whether in bankruptcy,
loan modification, or other alternatives.
Our firm can review your situation and determine the next step.
Learn more about the different bankruptcy options you have to avoid foreclosure:
Many homes that were purchased during the real estate bubble have dropped
significantly in value, making foreclosure a very real and scary threat.
Bankruptcy allows for most unsecured debt to be discharged, which means
if you have a second mortgage that is no longer secured through the reduction
in value, it is possible that
you may not have to pay it after bankruptcy. Our Palm Beach bankruptcy lawyer can help you better understand your
options at this time.
Take Steps to Avoid Foreclosure Today
There are a variety of good legal alternatives to foreclosure, including
legal action against the lender if they have violated the law or your
rights. When facing a
foreclosure, you should ensure that you get the correct information before allowing
the process to proceed. A Palm Beach foreclosure defense lawyer from Law
Offices of Carol D. Ellis can review your situation and advise you on
what can be done to fight this legal action and protect your financial
future. Our firm has many years of experience and is highly dedicated
to the clients we represent.
Learn why our clients are so pleased with us by calling us at
(561) 513-5809. We will schedule your free consultation!