Florida
Debt recovery hired a lawyer, they are suing me. My lawyer has negotiated the loan down to about 1/2, only 2 offer/counter offers were made. This is from a short sale, this was the second mortgage (80/20) from about 6 years ago. My lawyer says to be aware of a possible judgment against me if I don't accept. I was not prepared for this amount based on my initial conversation with my lawyers office, nor do I want to do a bankruptcy or get a judgment. Question is, should I wait for another offer? Or am I jeopardizing any work done so far by waiting and risking the creditor pursing a judgment? I want this over with, but need a better #$ to make it work financially. The creditor said this is their final offer, they did an asset research on my and I am good for that or more.. which I think is a lie, I don't even make enough $ for my bills each month and I am in the hole already. No assets on my end except my business (labor only) that pays me from it's S-corp, which is my income.
Debt recovery hired a lawyer, they are suing me. My lawyer has negotiated the loan down to about 1/2, only 2 offer/counter offers were made. This is from a short sale, this was the second mortgage (80/20) from about 6 years ago. My lawyer says to be aware of a possible judgment against me if I don't accept. I was not prepared for this amount based on my initial conversation with my lawyers office, nor do I want to do a bankruptcy or get a judgment. Question is, should I wait for another offer? Or am I jeopardizing any work done so far by waiting and risking the creditor pursing a judgment? I want this over with, but need a better #$ to make it work financially. The creditor said this is their final offer, they did an asset research on my and I am good for that or more.. which I think is a lie, I don't even make enough $ for my bills each month and I am in the hole already. No assets on my end except my business (labor only) that pays me from it's S-corp, which is my income.
