Unfortunately, many Americans are finding their homes in foreclosure these days due to adjustable rate mortgages, unscrupulous lenders, rising fuel prices and credit card expenses. There are many reasons one’s house payment may be missed, including unforeseen medical expenses and loss of job, but whatever the reason, a Chapter 13 bankruptcy maybe able to stop the foreclosure sale and give you an opportunity to catch up your mortgage payments.
If you are one or more months behind on your mortgage payment, then you should speak to a bankruptcy lawyer to find out what type of options you may have available to help you save your largest investment. Home ownership has been the number one way for Americans to build wealth and savings in the last several decades.
Now, with so many foreclosures on the horizon, millions of Americans are at risk to loosing their largest investment - their home.
The Chapter 13 Bankruptcy can be filed prior to the foreclosure sale and stop the sale from going through. The debtor can stay in their house and the Court will set up a payment plan, often giving the debtor up to five (5) years to repay the mortgage company. If your house is in jeopardy of being foreclosed on please call one of our experienced bankruptcy attorneys to help you save your home.
We understand that the thoughts of losing your home to foreclosure is very difficult for you and your family, but at our law firm we understand and can help you. Our thoughtful staff can put your mind at ease.
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Hampton Roads Credit Resolution
Asset Protection in Hampton Roads Virginia