Bankruptcy is a term that no one wants to hear. The legal proceeding is used by an individual who cannot pay their bills and wants to receive a fresh start financially. Federal law provides the right to file bankruptcy, with cases dealt with in federal court. With a bankruptcy filing, creditors are unable to seek collection of debt from you, at least until the situation is sorted out based on the law. At TradaR Real Estate Solutions, we have helped many people in Central Florida with assistance when facing bankruptcy. From buying, selling or renting, we offer services to ensure you have a home in the future.
Filing for bankruptcy in Central Florida can leave you with a low or nonexistent credit score. If you wish to buy, sell or rent a home, the process may seem impossible. If you were already behind on bills before filing for bankruptcy, then in most cases, your credit was already heading towards a downward spiral. Thankfully, we can help.
No matter your location, be it Central Florida or other areas of the state, we can provide financial assistance to help you get back on track. As you work to rebuild your credit, you will want to focus on taking the right path in order to buy a home in the future. Learning the key points involved in credit and the purchasing process can help you make the right decisions for home buying in the future.
At TradaR Real Estate Solutions, we offer several services that can help an individual facing bankruptcy. We can help provide information on credit, reviewing your history with a full and free consultation. We can help you focus on building your credit, offering options for renting a home or even rent to own solutions. In some cases, selling your property and using the equity to pay off bills is a vaiable option in preventing bankruptcy.
When you file for bankruptcy, your life is not over. You are not going to be kept from buying a home in the future. You can rebuild your credit and start anew, but you need to know where to begin. Having the right team by your side will ensure that you make the right decisions moving forward.
Bankruptcy Exemptions
In the state of Florida, there are bankruptcy exemptions. In most cases, home owners will not lose their existing home if the property is fully exempt. If it is not, you may be able to keep it, if you can pay the non-exempt value to creditors. This is based on a Chapter 13 filing. Some creditors may have a security interest in your home and payments will need to be made on the debt or the creditor paid the full value of the property.
The entire process can be confusing and overwhelming. Having an experienced team that understands the process of bankruptcy and how it affects your credit can help. Our team at TradaR Real Estate Solutions has vast experience dealing with individuals facing bankruptcy. We can provide solutions, even if you think you don’t have any, when it comes to real estate.
We create solutions for individuals who are in unwanted situations such a bankruptcy. If you or someone you love is facing a bankruptcy situation, let us help. We want to provide the right solution for your family to be successful. Give us a call today to schedule a free consultation so we can get you on the right track to financial freedom.