Experienced Lawyers For Stopping Home Foreclosure
It’s more than a house; it’s your family’s home. At The Day Law Office, we understand that.
If you have received threatening letters about foreclosure proceedings against your property, don’t wait to see what the bank will do next. Their only concern will be their bottom line, not keeping a roof over your head.
You Need Aggressive Legal Help
If you are facing home foreclosure, you and your family have a difficult decision ahead of you. Should you file Chapter 13 bankruptcy to save your home? Should you try to negotiate with the lender through a loan modification or forbearance agreement? There are several programs available to stop home foreclosure, you should educate yourself and make the best decision for you and your family.
Located in Spring Hill, in the center of Hernando County along Florida Central Gulf Coast, we are debt relief lawyers who practice in the area of bankruptcy law. But that doesn’t mean that we recommend bankruptcy for every person who faces foreclosure.
Filing bankruptcy is often a last resort. Here are the issues we will consider before making a recommendation on what you should do:
- Will you be able to make your house payments after filing bankruptcy? If not, arranging a short sale or deed in lieu of foreclosure will sometimes allow to you walk away with some money in your pocket.
- Is mortgage debt your only form of debt? If so, a better option maybe able to obtain a loan modification from your lender. You may be able to put mortgage arrearages at the back end of your loan or negotiate a lower interest rate.
However, there are times when filing bankruptcy is the answer:
- Do you have other debts in addition to mortgage debt? If so, filing Chapter 13 bankruptcy may enable you to address all of your debt problems.
- Do you have an unsecured second mortgage? Filing Chapter 13 bankruptcy will enable you to strip the lien from the second mortgage.
Should I Stop Making House Payments?
To be eligible for loan modifications each lender has its own requirements. You should call your lender and discuss this with them. However, you should seek the advice of a real estate attorney to review the paperwork.
Call Us As Soon As Possible For A Consultation
We will answer your questions and give you a realistic assessment of your circumstances. If we can help you avoid foreclosure, we will explain what options might be best.
*We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.