Home » Business

Avoid Foreclosure

Aug 2, 2008
Question: What happens if I do not pay my tax bill? Answer: Tax payments must be received on or before the due date to avoid interest charges. If payment is not made within 30 days of the original date of mailing, the account will begin to accrue interest at the rate of 14% computed from the date the bill was due.A demand notice will be sent and a demand fee of $5.00 is charged against the account. Please note that the demand notices are only sent on the 4th quarter bills.When property is mortgaged, the property is transferred to a creditor to be used as secured collateral on a loan.

Is your home being foreclosed or is your car about to be repossessed? 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. Chapter 13 may save your house and your car.Generally, a hardship withdrawal may be made to prevent foreclosure on your primary residence, purchase your primary residence, pay for post-secondary education and for medical bills not paid by insurance. You will be required to submit proof such as bills or a foreclosure notice and you could even have to consent to a credit check.Tax payments must be received on or before the due date to avoid interest charges.

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.

Will bankruptcy prevent a foreclosure on my home and/or my repossession of my car? Bankruptcy can prevent a foreclosure of your house or a repossession of your car. An automatic stay arises by law the instant a bankruptcy is filed. The automatic stay stops the foreclosure process and prevents any collection actions, such as repossessions or garnishments. Bankruptcy may also allow you to consolidate your mortgage arrears or automobile balance, and make payments on those debts over time through a repayment plan designed by your Attorney.Generally, a hardship withdrawal may be made to prevent foreclosure on your primary residence, purchase your primary residence, pay for post-secondary education and for medical bills not paid by insurance.

What happens if I do not pay my tax bill? Tax payments must be received on or before the due date to avoid interest charges. If payment is not made within 30 days of the original date of mailing, the account will begin to accrue interest at the rate of 14% per annum, computed from the date the bill was due. A demand notice will be sent and a demand fee of $5.00 is charged against the account. If the account remains outstanding 14 days after the issuance of the demand notice, a warrant notice is sent. The warrant fee is $9.00.Tax payments must be received on or before the due date to avoid interest charges. If payment is not made within 30 days of the original date of mailing, the account will begin to accrue interest at the rate of 14% per annum, computed from the date the bill was due. A demand notice will be sent and a demand fee of $5.00 is charged against the account. If the account remains outstanding 14 days after the issuance of the demand notice, a warrant notice is sent. The warrant fee is $9.

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.
About the Author
get all the free insider information.
Rating:
Please Rate:
(Average: Not rated)
Views: 105
Print Email Report Share
Article Categories