Under Water?

Are you feeling overwhelmed, mentally and financially drained?

Were you a victim of the mortgage crisis which has afflicted too many South Floridians?

Do you feel like you have reached your rope’s end due to constant creditor harassment?

If so, you are not alone and you do not have to go it alone. The Victoria Law Group can help to stave off creditors’ incessant calls, reduce your debt through debt settlement and negotiation, walk you through the bankruptcy procedure, and/or reach the best possible solution if you are facing a mortgage foreclosure.

Here is a brief description of some of the debt relief services The Victoria Law Group provides to our Miami clients:

Bankruptcy

The truth of the matter is that most Americans operate on a credit-based system of consumption. Unfortunately, and not uncommonly, people bite off more than they can chew. This is nothing to be ashamed of. Mistakes happen and unforeseen circumstances arise that one does not, or cannot account for. So, if you have reached a tipping point in the amount of debt you have accrued, bankruptcy may be the right choice. Read more…

Strategic Default

A Strategic Default is a calculated decision by a borrower/mortgagor to stop making payments on their mortgage, even though they may be financially capable of doing so, in order to sever themselves from further repayment obligations on a home that is presently worth significantly less than it was at the time of obtaining the mortgage. There is nothing illegal or morally wrong with pursuing this course of action because the Strategic Default is effectuated in accordance with the terms of the loan. What happens is, the borrower/mortgagor notifies the lender of their intent to surrender the collateralized property, which has the effect of putting the ball back in the lender’s court to sell the home and satisfy the balance of the loan. Read more…

Debt Settlement & Negotiation

Debt Settlement is what happens when you reduce the amount of your unsecured personal debts through creditor negotiations. Debt Settlement has proved much more effective than merely reducing interest rates, as is the norm with Debt Consolidation and Credit Counseling (CCCS). If you reduce the actual debt balance, Debt Settlement provides a much faster means of becoming debt-free. Read more…

Foreclosure Defense

A homeowner facing foreclosure yields an unparalleled amount of stress. As if the prospect of being forced to give up your home is not daunting enough, the immediate threat thereafter of the mortgage note holder suing you personally for a deficiency judgment after the sale of your former home is nothing short of a nightmare. This is a nightmare that does not have to become a reality. Read more…

under water

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