Car Reaffirmation Agreement

The Law Office of Raymond A. Kenney, PLLC can: 1) Stop your home foreclosure, or strategize your foreclosure to save you money and remain in your home longer; there are significant legal and tax consequences involved in a foreclosure. Depending on your particular circumstances it is possible that the bank may foreclose on your home and still sue you for the difference between the amount of the mortgage and the amount obtained at the foreclosure sale (a deficiency judgment). It is also possible that in the view of the IRS any amount not paid by you as a result of the foreclosure will be considered to be income in the amount of the unpaid debt.

2) Negotiate with creditors regarding payoff schedules, payoff amounts and loan terms. 3) Make sure that the Fair Credit Reporting Act and Fair and Accurate Credit Transactions Act along with other laws are followed by creditors which will keep your creditors from harassing you.

Contact information: http://www.rkenneylaw.com

Phone: (623-234-3536

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Published In: Bankruptcy Updates, Family Law Updates, Professional Practice Updates, Residential Real Estate Updates, Wills, Trusts, & Estate Planning Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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Raymond A. Kenney is the founding member of the firm. He has been licensed to practice law since... View Profile »


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