Recent Updates
April 28, 2010
State Must Prove Defendant's Knowledge of Driver's License Suspension
April 13, 2010
Sentencing Commission Votes to Eliminate Recent Criminal History Points
October 15, 2009
Consent to search inside of vehicle does not extend to locked containers
October 14, 2009
Making phone calls to get drugs for personal use not a felony
October 07, 2009
Duval County schools agree to reduce number of students getting arrested
Nearly One-Third of Homes in Jacksonville Under Water
November 21, 2008
Topic: Bankruptcy
Today's Florida Times Union reported that nearly 1/3 of all homes in Jacksonville are under water, meaning that the owner of the home owes more on the home than the house is currently worth. Many of our bankrutpcy clients are in the situation, and in fact no client who has come into our office since June has had positive equity in their home. Most of our clients have bought a home between 2002 and 2007. This article addresses the problems facing homeowners today.
http://www.jacksonville.com/tu-online/stories/112108/met_358274583.shtml
Therefore, the question is what can our firm do for you. We offer debt relief to consumers in both negoiating with creditors and filing bankrutpcy. Our clients who choose to file bankruptcy usually do so to avoid a deficiency judgment that would come after their house would be foreclosed upon. For example, a person owes $200,000 on one or more mortgages on a home. They are no longer able to make the payments and the bank forecloses on the home. After costs are assessed from the foreclosure and an auction sale is made, the bank is only able to recoup $100,000 from the sale of the home. The bank would then be able to come after the former home owner for the $100,000 lost in the transaction.
