The Law Offices of Jonathan P. Shultz understands that the threat of losing your home to foreclosure can be frightening if you are experiencing financial difficulties that have left you with unmanageable debt. Our compassionate legal team understands that your home is more than just an investment, it’s your refuge and sanctuary for your family. That is why we are committed to providing high-quality and immediate legal counsel if you have missed mortgage payments and are facing property foreclosure.
The last thing you need to deal with during this difficult time is annoying debt collectors who keep reminding you that they can pursue foreclosure on your home for unpaid debt.
Please reach out to our firm today if you are facing the threat of foreclosure, so we can discuss your situation and determine if filing for bankruptcy is the right option for you.
If you want to protect your home from foreclosure, one possible solution is filing for Chapter 7 or Chapter 13 bankruptcy. When you file for bankruptcy, an automatic stay goes into effect, which will stop all foreclosure attempts on your property. Even if you have already received an eviction notice, you can still remain in your home if you obtain an automatic stay. The lender or bank must lift the stay to resume foreclosure, so filing for bankruptcy can give you extra time to regain control of some of your finances.
In addition to bankruptcy, homeowners facing foreclosure also have the following options to save their properties:
- Loan modification: It may be possible to change the terms of your loan by negotiating with your lender to reduce your interest rate or the loan's principal or eliminate late fees/penalties.
- Refinancing: Your lender may be willing to forgive a portion of your debt and refinance the rest into a new loan.
- Deed in lieu of foreclosure: With this option, you give ownership of your property to the lender in exchange for being relieved of your debt.
Have you been served an eviction notice? Do you think you will soon be facing foreclosure because you missed too many payments on your mortgage? If so, please speak to our foreclosure defense team at The Law Offices of Jonathan P. Shultz about your financial circumstances and which of the options above are most suitable for you. Our firm has filed more than 500 bankruptcy cases, and we possess the extensive legal resources you need to advocate for your rights each step of the way.