Legal Question in Bankruptcy in Florida

Re: Do I file Bankruptcy

Have you considered:

1. Homesteading your Florida property;

2. Contacting the Massachusetts lender to either:

a) Seek forebearance on your delinquent mortgage (Arrears to be added to principal;

b) Sell property (straight sale or contract);

c) Lease option property;

d) Give lender deed in lieu of foreclosure;

e) File a bankruptcy proceeding, while leasing the property out;

f) A short sale;

g) Contacting Federal and State offices (including your MA elected representatives) about the foreclosure moretoriums currently in affect;

h) Hired a lawyer to negotiate a favorable outcome withyour lender.

All these proactive steps (or any of them) may assist you. These are not an exhaustive list of options.

Re: Do I file Bankruptcy

Have you considered:

1. Homesteading your Florida property;

2. Contacting the Massachusetts lender to either:

a) Seek forebearance on your delinquent mortgage (Arrears to be added to principal;

b) Sell property (straight sale or contract);

c) Lease option property;

d) Give lender deed in lieu of foreclosure;

e) File a bankruptcy proceeding, while leasing the property out;

f) A short sale;

g) Contacting Federal and State offices (including your MA elected representatives) about the foreclosure moretoriums currently in affect;

h) Hired a lawyer to negotiate a favorable outcome withyour lender.

All these proactive steps (or any of them) may assist you. These are not an exhaustive list of options.

Re: Do I file Bankruptcy

This will depend on whether or not your Florida property is your homestead and whether you are a Florida or Massachusetts resident for purpose of filing for bankruptcy.