Subprime Loans

What are subprime loans?

Banks look at certain criteria when deciding if an individual should be approved for a loan, including their income, credit report, debts and collateral.  Borrowers whose credit is very good or excellent and who have high credit score are called "prime" loan candidates.  Those who have poor credit scores and low credit are considered "subprime," and are given  subprime loans which have high interest rates because they are presumed to be higher credit risks.  Borrowers of subprime loans often get stuck with astronomical interest rates or adjustable rates that they simply cannot afford.

Though many subprime loans were taken out in good faith by homeowners, it is often becomes a struggle to continue to make the monthly mortgage payments on these loans.  Over the long term, many homeowners are trapped in financial hardship.

Are you stuck in a subprime loan and wish you could just walk away? 

YOU CAN.

The Forrest Law Firm represents Florida homeowners in strategic mortgage defaults.  Often, homeowners with subprime loans are much better off financially if they default on the mortgage and simply walk away.  For homeowners who are underwater on their home loans, it almost never makes since to continue to make your monthly mortgage payments and sink deeper and deeper into financial hardship.  A carefully planned strategic default can be a excellent solution for homeowners trapped in subprime loans.

Attorney Christopher Forrest developed the Strategic Default Plan to help Florida homeowners.  The Forrest La Firm uses legal strategies designed to maximize your ability to walk away from a toxic subprime loan and regain control of your financial future.  Mortgage modifications are almost never a good solution because you still remain responsbile for a mortgage debt much larger than your property is worth.  Instead, explore the possibility of a strategic mortgage default by consulting with The Forrest Law Firm about your options.

Subprime Loans and Toxic Mortgages

Subrime loans can be devastating to homeowners.  For many homeowners stuck in subprime mortgages, not only are they burdened by high interest rates, but they also usually owe much more than the property is worth due to the dramatic decline in home values in Florida.  

Call The Forrest Law Firm today at 1-800-915-3923 for an informative and comprehensive consultation on how The Forrest Law Firm Foreclosure Defense Plan® can help you.

About The Forrest Law Firm

The Forrest Law Firm is committed to aggressively representing the interests of property owners and homeowners in the following counties:  Sarasota, Manatee, Hillsborough, Pinellas, Polk, Pasco, Orange, Seminole, Palm Beach, Miami-Dade, Broward, and other counties across the State of Florida.

If you want to walk away from your mortgage, or if you are facing foreclosure, contact the Forrest Law Firm today for your free telephone consultation!