Using The Law To Stop Foreclosure On Your Home
If you have fallen behind in making your mortgage payments, your bank or lender may initiate foreclosure on your family’s home. You may not even know that your lender is foreclosing on your property until you receive notice or see an advertisement that your home is going to be sold in a foreclosure sale on the county courthouse steps.
Even if you are delinquent on your mortgage payments, you have rights and can take steps to stop foreclosure and protect your home. You must act quickly and talk with an experienced attorney right away about filing for Chapter 13 bankruptcy, which immediately stops the sale of your home and allows you a chance to reorganize your mortgage payments.
Contact us at Morris Margulies to learn more about this valuable way to stop the foreclosure of your home.
Experience Is Critical In Foreclosure Matters
If your bank or lender is foreclosing on your home, you must receive 10 to 30 days’ notice of the foreclosure proceeding and sale. Our bankruptcy lawyers are skilled in helping homeowners stop foreclosure and the sale of their family homes. If you qualify and file for Chapter 13 bankruptcy before the sale, your home cannot be sold as planned, and you have up to five years to repay your missed mortgage payments.
The foreclosure process is complicated and moves quickly: Chapter 13 bankruptcy provides a quicker way to stop foreclosure and negotiate repayment of mortgage arrears. Chapter 13 is also a complicated process, and you should only file after talking with an experienced bankruptcy lawyer.
For additional information about foreclosure and sound advice, please read our foreclosure process article.
Act quickly and talk with an attorney at our firm who can help stop the foreclosure of your home.