Reed Law Firm, P.A. - bankruptcy

Columbia: 803-807-2565

Florence: 843-536-0073

foreclosure Archives

Are there benefits to going through foreclosure?

Struggling financially and living beyond your means can feel very stressful, and you may spend a significant amount of time thinking about how you can get yourself out of the situation you are in. If you have been missing your mortgage repayments, you may also have received threats of foreclosure from your bank.

How to effectively fight foreclosure

Having a high mortgage repayment plan can make the possibility of foreclosure a reality if you unexpectedly start to have financial challenges. Not everybody has the luxury of savings to help them in the event of being made unemployed or having to pay unexpected medical bills.

What is foreclosure fraud?

If you are struggling to pay your mortgage in Columbia, you may feel like you have lost control of your finances, and you may be confused as to your current financial state. Unfortunately, there have been instances of scams taking advantage of people in this position. They target people who are desperate to improve their cash flow quickly.

Taking action to prevent foreclosure

The holiday period can be one of the most difficult times of the year when it comes to our finances. It can be easy to ignore your debt situation and decide to bury your head in the sand while opting to use credit cards instead of your own funds.

South Carolina bankruptcy does not always equal foreclosure

A sudden job loss or health concern can quickly alter one's financial picture. One day the South Carolina family is living comfortably in their home, bills are being paid and there is even money left over to enjoy the occasional splurge. The next day, tragedy strikes and the family's financial situation immediately changes. When this happens, the family may be faced with foreclosure unless they can find a way to restructure their financial obligations to allow for the home to be saved.

Foreclosure can be prevented for many South Carolina families

Once financial problems start, they just seem to escalate. At first, the South Carolina resident has trouble paying bills. Then, the phone starts ringing and collection notices appear in the mail. Finally, the bank or mortgage company threatens foreclosure. What began as perhaps a small financial problem can quickly turn into a financial catastrophe.

Don't let temporary financial problems cost you your home

You may be one of many South Carolina residents who recently suffered a major financial setback due to loss of employment, medical emergency or some other unexpected situation. Then again, your spending habits may have simply gotten out of hand, which also often leads to serious financial crisis. In any event, many people have gone through similar experiences in the past.

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Columbia Law Office
220 Stoneridge Drive, Suite 301
Columbia, SC 29210

Phone: 803-807-2565
Columbia Law Office Map

Florence Law Office
1807 West Evans Street, Suite B
Florence, SC 29501

Phone: 843-536-0073
Florence Law Office Map