Foreclosure: Intro

What if I told you that a bankruptcy lawyer could stop house foreclosure proceedings, stop all the collections on both the mortgage and car payments and give you breathing space? Even if the mortgage company was unwilling to work with you? You'd want to keep your house, right? Or maybe you don't (see below). Working together, we can arrange it so that you stay in your home, work out a plan to help you catch up

Read on!

Stop Mortgage Foreclosure: Keeping my House

One of the most frightening ordeals is the prospect of losing your home. You have some tough luck and miss a mortgage payment or two. The bank wants to take your house away and leave you on the street. What can you do? Yes, a bankruptcy can stop a foreclosure. In essence, you will be given a break to catch your breath. This will allow you time to start paying your arrearages (what you are behind). The bank will have to stop all attempts to take your home while you work out a plan with your lawyer.

 

Note

it's usually wise to attempt to negotiate with your lender first. They are often willing to work something out. Sometimes, what they expect is not just realistic. This where we can help, because as long as the plan is doable, they have no choice but to play along.

If you want help in stopping the foreclosure sale, contact us right away.

Stop House Foreclosure: Walking Away

We are cognizant of the fact that some people don't want to keep their house. Maybe it's worth less than you owe. Maybe the mortgage payment is just too much now. The idea of a much lower rental payment is sounding better and better.

After the foreclosure sale, chances are that there will be fees, penalties and just the mere cost of the transaction. This is money that someone is going to need to pay, and guess who they are going to expect to pay it?

Well, given the fact that you can just walk away, you know they are going to come after you for the rest of the money owed. This balance (including all the fees and charges associated with it) will likely be large enough where they can afford to hire an attorney and come after you with a legal summons.

The result of this lawsuit can be a legal judgment, which can then be a wage garnishment, meaning that this whole ordeal can follow you around for a number of years.

If we handle the case, you may pay a portion of the debt back, or none of it, depending on your financial situation. The end result: you get closure on the whole house problem, and can start over.

Next Steps

Of course, you will want to get in touch with us right away. Additionally, you will want to:

1. Gather some papers regarding your debts (mortgage and otherwise), as well tax returns and pay stubs.
2. Contact your mortgage company (first or second) and let them know what you're about to do.
3. Contact us so we can start the process.

To find out how a bankruptcy could stop foreclosure in your particular case, please contact us right away!

 

Contact us now: Phone or Email

Phone: 661-252-9900

Email: Use our foreclosure contact form. This link is for potential foreclosure clients only. If you wish to contact us regarding other types of debt, please use our normal contact form linked to at the top of every page or here.

| 24.08.2006 | Print |