Choose the right path
If you are behind on your mortgage or have been notified that your lender has initiated foreclosure proceedings, don't feel like giving up your home is your only option. Filing for Chapter 13 will automatically stop any foreclosure action against your property.
It normally takes approximately four to six months from the time a foreclosure is filed to the time of the Sheriff's sale. The earlier in the process you get a qualified bankruptcy lawyer involved, the better. We can help you find a debt relief solution that allows you to keep your home and get back on the right financial path.
People facing foreclosure have a number of options available to them, including loan workouts and short sales. However, these also come with their own sets of challenges and risks.
Filing for Chapter 13 bankruptcy gives you the opportunity to consolidate your amount of mortgage arrears with the rest of your debts and pay them off over a three-to-five year period. As long as you have the ability to continue to make the regular mortgage payments going forward, there is no reason you should not be able to stay in your home after filing for bankruptcy.
Dean Snyder, Attorney at Law, has more than 20 years of experience helping individuals and families gain a fresh start through personal bankruptcy.
Find out if bankruptcy could be the solution you need with a FREE consultation.