Little Rock Deficiency Judgment Lawyer

Deficiency judgments are a nasty byproduct of foreclosure in which the bank is owed more money than a property is worth. Many homeowners in Arkansas are weighing the option to let their loans go into default, even if they can afford to keep making their payments. If you default on your mortgage payments and allow your home to go into foreclosure, it is referred to as strategic default.

If you have questions regarding deficiency judgments and bankruptcy, it is important to speak with an experienced attorney. Contact us at Robertson, Oswalt and Associates. With office locations in Little Rock, Benton and Heber Springs, we serve clients throughout Arkansas.

Experienced Arkansas Foreclosure Attorneys

Choosing to accept foreclosure may be riskier than you might think, because of deficiency judgment laws. When a lender is not able to sell a foreclosed property for the amount owed on it, the lender can sue the former homeowner for the difference.

If you owe your lender more than your home is worth, speak to an experienced Arkansas lawyer before you make any decisions or stop making your monthly payments.

Deficiency judgments may also apply to car loans after vehicles are repossessed.

Contact Our Little Rock Deficiency Judgment Lawyers

With office locations in Little Rock, Benton and Heber Springs, we serve clients throughout Arkansas. To schedule a consultation with a Little Rock bankruptcy attorney at our firm, call 501-588-4451 or contact us toll free at 866-311-3815. You may also contact us by e-mail.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.