Are Mortgage Companies responsible for the Florida financial crisis?

Answer: Yes! Many people are in financial trouble because of predatory loans such as interest only loans, negative amortization loans with adjustable interest rates, low document loans, state of income loans and loans with harsh pre-payment penalties. Many who hoped to refinance these types of loans couldn’t because of the meltdown of the banks. Many Floridians have mortgage payments that increased over time and as a result of falling behind. The protections supported by the Bankruptcy Act may help you save your home, or alternatively, help you with a fresh financial start.

Do you need help with your financial situation? Give Sunshine State Bankruptcy Law firm a call today.

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