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HELOC Home Equity Line of Credit Settlements

DEBT SETTLEMENT – SECOND MORTGAGE AND HELOC SETTLEMENT LAWYERS

If you have a HELOC or Home Equity Line of Credit that is either in default, unpaid, past due or written off with the lender/charged off as bad debt, the lien against your property will remain there, even if the lender is not reporting it on your credit report. Often HELOC mortgages that are unpaid or in default do not engage in collection practices, but rather wait for the borrower to sell their property in order to get paid. Just because the loan is not being reported on your credit report, does not mean it does not exist, nor that the lender does not expect to be paid in full.

At the Law Offices of Jacqueline Salcines, PA we have been assisting borrowers with settling the debt owed on Second Mortgages and HELOC loans for over 21 years. We have been successful in settling these suits for pennies on the dollar since often the HELOC Second Mortgage lender does not have their documents in order ( assignments, note, mortgage), the statute of limitations has expired or there is little to no equity on the property. Calculating the Fair Market Value is a very important step in the negotiation and it is important to hire the right professional to make sure repairs, and other significant value mitigators are taken into consideration.

When looking for a professional to negotiate your mortgage debt, make sure that the lawyer has significant experience doing so. At the Law Offices of Jacqueline A. Salcines, PA owner/attorney Jacqueline A. Salcines, Esq. is not only an attorney, but she is also an Accountant and realtor, which provides the necessary tools to determine value, comparative sales and equity. With over 21 years experience in the debt settlement/mortgage industry and 26 in the Accounting business, attorney Salcines and her knowledgeable staff can help you get the best outcome for your HELOC Settlement.

The first consultation is always free and can provide meaningful advice as to how to proceed to settle your debt. Consult today.

TRUST | COMMITMENT | RESULTS

HELOC Home Equity Line of Credit Settlements
Jacqueline A. Salcines, Esq.

Law Offices of Jacqueline A. Salcines, PA

706 S. Dixie Highway

Second Floor

Coral Gables, FL 33146

Tel: 305 660 5280

Email: J.Salcines@salcineslaw.com

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SECOND MORTGAGE LOAN SETTLEMENTS

SECOND MORTGAGE LOAN SETTLEMENT

LOSS MITIGATION DEBT SETTLEMENT ATTORNEYS

The Florida Legislative Foreclosure Act, while helping the banks out more than the borrowers, did one positive thing.  It limited the time period when a bank can go after a borrower for the balance of the mortgage after the foreclosure.  This is called the deficiency.

The end of 2016 and the beginning of 2017 has already witnessed the filing of  thousands of lawsuits in Florida against the homeowners to collect these deficiencies after the foreclosure or short sale.  Many, though are past the one year mark and therefore easily dismissed.

Lawsuits filed by Dyck O’Neal are on the rise.  Dyck O’Neal is a third party that has purchased loans or the ability to collect these deficiencies in bulk.  The Dyck O’Neal suits carry larger amounts then HR87 allows them to collect, which is the difference between the amount the property sold for and the fair market value at the time of the sale.

There are many defenses to these lawsuits brought by Dyck O’Neal, and other lenders,  for deficiency balances on the foreclosure.

At the Law Offices of Jacqueline Salcines, PA, attorney Jacqueline A. Salcines, Esq. is knowledgeable and has experience in defending these suits.  She has been protecting and defending homeowners and borrowers with their mortgage and real estate litigation needs for over 17 years.

Let our knowledge go to work for you in defending these suits.

In fact, class actions have already been filed alleging these suits are unlawful as against the Fair Debt Collection Practices Act.  Don’t be victim.

Let us protect your rights.

At the Law Offices of Jacqueline A. Salcines, PA, the attorney holds a dual degree in Law and Accounting, is a  realtor and has hosted many seminars and lectures on real estate and real estate law. Allow our experience to go to work for you

Call us today.   305.669.5280 Or visit us as  http://WWW.SALCINESLAW.COM

See why our business is built on referrals and for over 17 years, clients keep coming back and referring their family and friends. 

 

TRUST |  COMMITMENT  | RESULTS

Jacqueline A. Salcines

Jacqueline A. Salcines

JACQUELINE A. SALCINES, ESQ.
706 S. DIXIE HIGHWAY
SECOND FLOOR
CORAL GABLES, FL 33146
TEL. 305 669 5280

Email:  J.Salcines@Salcineslaw.com

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