If you are wondering if bankruptcy can stop foreclosure, you are not alone. Fortunately, you have options. The process of foreclosure usually begins after falling behind on mortgage payments. Next, the lender will prepare to sell the home at auction. The money collected through the auction is then applied to the mortgage balance. For more information on the foreclosure timeline, click here.
Facing financial trouble can be difficult and stressful. This is even more difficult when you are facing foreclosure. However, while the thought of filing for bankruptcy may be scary, it actually gives you more protections than continuing to struggle or losing your home. Here is a list of pros to consider about filing for Chapter […]
Coming to the decision to speak with an attorney is not easy. It can be intimidating to know which attorney to hire. We recommend that you do your research. Speak with different qualified bankruptcy attorneys before making any final decisions. However, we are confident that our office will provide you with the dedicated service that […]
Time is of the essence in a foreclosure. So, it is important to know what to expect and what you can do during the process. Once you receive a Notice of Default Recorded, the foreclosure timeline has officially begun. Meaning, you have approximately 120 days until your home is sold. It will either sell at […]
Most people who have arrears on their mortgage payments want to save their home and if you have equity in your home then you should consider a Chapter 13. The bankruptcy discharge eliminates your personal liability for the mortgage, however it does not remove the lien that secures the mortgage. Even after filing bankruptcy, the […]
What is a foreclosure? A foreclosure occurs when you fall behind on your mortgage loan payments. If you have enough money to make the mortgage current and make up the back payments, fees, penalties, then you can take action to stop the foreclosure process. Once the money is accepted by the bank, the foreclosure […]
