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Avoid Foreclosure

By: Diaz Hayes

Are there tax consequences if my property is foreclosed? Foreclosure can trigger tax consequences to you, depending on the tax basis of the property, whether the property is your residence, etc. Know that the bankruptcy estate in a Chapter 7 and 11 is a separate, tax paying entity, distinct from the individual debtor: if the property is property of the estate when the foreclosure takes place, the tax consequences should fall to the estate, not the debtor.Yes! We have loan programs to fit almost any situation, regardless of past credit problems.

How soon can Benefacts help me? We can help a majority of new clients immediately. Our trained solution specialists have successfully worked with homeowners in all stages of the foreclosure process. However, the sooner you call us, the better chances we have of preventing the bank from taking your home. Call 1 to find out exactly how we can help you stop, prevent or delay the foreclosure action against your home - FREE 24-hour recorded message.We're local. Do you trust sending your money to a company you can't see or touch? Stop in and visit us at one of our branch offices. We help you with all your debts. Most credit counseling companies include only credit cards and unsecured loans on a program.

How soon can Benefacts help me? We can help a majority of new clients immediately. Our trained solution specialists have successfully worked with homeowners in all stages of the foreclosure process. However, the sooner you call us, the better chances we have of preventing the bank from taking your home. Call 1 to find out exactly how we can help you stop, prevent or delay the foreclosure action against your home - FREE 24-hour recorded message.You offer your client one of the most important services they will ever need.

Can you help me improve my credit rating? We do not do credit repair services but we do strongly recommend the nation's leader in credit repair, Lexington Law Firm. Right now, of course, the best thing you can do to help your credit is to prevent foreclosure. Click here to contact USLM for a free eligibility assessment.Bankruptcy is about giving debtors a fresh start and it would not be much of a fresh start if you found yourself out on the street. So the bankruptcy system does have ways to protect your home. Bankruptcy is often used by homeowners as a tool to prevent foreclosure. By filing a bankruptcy petition you can stop a incomplete foreclosure proceeding. But you need to be serious about reorganizing or otherwise dealing with your debts.

Why would anyone pay for this service? You offer your client one of the most important services they will ever need. You will be SAVING THEIR MOST VALUABLE INVESTMENT - FROM FORECLOSURE! The cost of moving is far greater than our fee for saving their home. In addition to helping stop the foreclosure process against their home and saving their equity, you can also prevent a possible tax liability to your client.If it is, very often bankruptcy may prevent the foreclosure action or repossession from proceeding and allow you to consolidate your mortgage arrears or automobile balance and make payments on those debts over time through a payment plan designed by us with your help. If your house is being foreclosed or your car is about to be repossessed, Chapter 7 may not be an option.

How does the 'tax exemption' protect my Home? It doesn't. The homestead property 'tax exemption' has a separate legal or statutory basis. As previously mentioned, it allows a resident of Florida to exclude from the calculation of his ad valorem real property taxes twenty-five thousand dollars of the assessed value of his principal residence. Do not confuse the homestead property tax exemption with our 'Declaration of Homestead' protection process, and do not allow anyone to convince you it is the same thing. It is not.Yes, NMS does do credit repair services.

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