When facing foreclosure you want to know what can I do to save my house. What If I do not have the money to catch up with the arrears. If I obtain a lawyer, how much will it cost me.
At RISM LLC , we will explain to you the foreclosure process and explain to you the options you have to try and remain in your home. If you have been a victim of a predatory loan, or if your lender has not modified your loan as agreed, our lawyers may be able to obtain some relief either through bankruptcy or filing a lawsuit to determine whether your lender even has the right to foreclose on your home.
We do not make false promises like some of our competitors. If we can not help you, we will let you know very early in the process. If you have been served with a foreclosure notice, contact us as soon as possible so that we can analyze your situation.
Do not be afraid or ignore the bank. In many cases, homeowners can fight the banks and win. We are here to help and are proud of our record in serving our foreclosure clients. Even if you do not have a predatory lending/modification claim, our bankruptcy lawyers can help you keep your home through a Chapter 13 bankruptcy.
How Bankruptcy Can Help You Keep Your Home
Bankruptcy offers relief to homeowners who are financially strapped. Depending on your financial circumstances bankruptcy can provide assistance to stopping foreclosure, reducing payments, stripping off mortgage liens and reinstating delinquent mortgages.
Bankruptcy helps homeowners by stopping a foreclosure and allowing the mortgage arrearage to be cured over a period of time. Generally, a Chapter 13 Bankruptcy will allow the homeowner to cure a mortgage arrearage over 5 years.
Chapter 13 bankruptcy is also helpful if you have mortgage debt and significant other debt such as credit card debt. The mortgage payments can be paid back prior to other debts. In addition, the credit debt may be eliminated if the Debtor does not have the ability to repay it. This is why in most cases a bankruptcy attorney can offer you more relief than a credit counseling agency or firms that specialize in mortgage modifications.
Filing bankruptcy can also help you get a fresh start when you are upside down on your mortgages. If you have a first and second mortgage and the value of the property is less than the amount you owe on the first mortgage, you may be able to get the second mortgage which is now unsecured, completely discharged.
Filing bankruptcy can also help you with a car loan that is past due. Similar to your mortgage, car notes can be reduced to a fixed payment plan and spread over 5 years. This relief will make it easier to pay your mortgage and stay in your home.
Please contact our attorney to discuss your specific situation and we will provide you quality service at a reasonable price.
