Coral Springs Law Firm Attorneys 954-340-4051
Bankruptcy is the legal process in which a person or company declares their inability to pay their debts. In a Chapter 7 bankruptcyyour available assets are sold; the proceeds, if any, are distributed to the creditors and your debts are eliminated. There are certain debts which cannot be eliminated in a Chapter 7 bankruptcy, and there are some assets, such as your...
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A loan modification is a change in the terms of your existing loan, usually in response to your inability to make the payments under the existing terms. Loan modifications often involve reducing the interest rate, increasing the amount of time to repay the loan, or reduction in the amount that is owed. Your lender may be willing to make these changes because they will...
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A foreclosure is a court action by which a party who has loaned money secured by a mortgage on real property, gets the Court to sell real estate to recover the money owed when the borrower fails to make payment. Most foreclosures do not get challenged by the borrower, but defending your home from foreclosure is your right! There are many ways to defend the...
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Short selling is the process of selling your home when you are “UPSIDEDOWN”, meaning you owe more than the home is worth. You sell the home for less than you owe and we negotiate with the bank to accept less than the loan balance. Lenders are willing to do this because they can avoid the expense and time involved in foreclosing on the home. The bank gets paid...
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Credit restoration is the process of working with credit bureaus and creditors to improve your credit report as a way of increasing your FICO credit score. The steps necessary to improve a person’s credit include examining your credit report and looking for errors or items that should or can be...
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Debt settlement, also known as debt negotiation, is an approach to debt reduction in which the debtor, you, and creditor, the bank or credit card company, agree to reduce the balance that you owe, reduce the interest rate, or a combination of the two. You can attempt your own settlement or hire us to negotiate for you. With the increasing default rates, banks have...
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Short selling is the process of selling your home when you are “UPSIDEDOWN”, meaning you owe more than the home is worth. You sell the home for less than you owe and we negotiate with the bank to accept less than the loan balance. Lenders are willing to do this because they can avoid the expense and time involved in foreclosing on the home.
Read more
Bankruptcy is the legal process in which a person or company declares their inability to pay their debts. In a Chapter 7 bankruptcyyour available assets are sold; the proceeds, if any, are distributed to the creditors and your debts are eliminated. There are certain debts which cannot be eliminated in a Chapter 7 bankruptcy, and there are some assets, such as your home and some retirement savings, that you can keep.
Read more
A loan modification is a change in the terms of your existing loan, usually in response to your inability to make the payments under the existing terms. Loan modifications often involve reducing the interest rate, increasing the amount of time to repay the loan, or reduction in the amount that is owed. Your lender may be willing to make these changes because they will make more money changing your loan terms than they would if they foreclose.
Read moreAndrew Ponnock is an Florida Bar certified attorney practicing in Coral Springs, Florida and Broward County.
Coral Springs Lawyer Andrew Ponnock
The Law Offices Of
ANDREW PONNOCK, PLC
10100 W. Sample Rd.
Suite 312
Coral Springs FL 33065
Graduated from Nova Southeastern University School of Law
Admitted to Florida Bar in 2000
Admitted to the Federal District Court 2010
Licensed Real Estate Agent since 1984