Exploring Your Alternatives to Foreclosure
What Is Your Ultimate Goal With Your Home?
Do you want to save your home from foreclosure? Or do you want to sell your home and move on with your life? Or are you undecided at this time or just need more time? Or you are looking for Alternatives to Foreclosure? No matter what your answer is, we can help.
Our goal from Day 1 is to listen to your concerns and goals, keep you apprised of the developments in the foreclosure case, and develop a strategy with you from the very beginning so that we can pursue your goals and maximize your chances of success. Subsequently, we will be with you every step of the way.
If you want to try and save your home, you may want to consider filing for Chapter 13 bankruptcy. A Chapter 13 bankruptcy will put an immediate halt to the foreclosure lawsuit through the bankruptcy automatic stay, and allow you to cure your back payments (called “arrears”) over a 3 to 5-year period. Otherwise, you could pursue a loan modification through the bankruptcy court’s Mortgage Modification Mediation Program. We are experienced bankruptcy attorneys and can help you structure a Chapter 13 Plan to help you save your home.
Alternatives to Foreclosure
If you are not seeking to save your home, or cannot afford to do so, we will help lead you through other alternatives that can mitigate your liability to the bank and avoid a foreclosure on your credit report, like a short sale, a deed-in-lieu of foreclosure or “cash for keys” (where the lender pays up to a certain amount of money that you can use for your moving expenses). We will always fight for you to minimize any liability with the bank and avoid a foreclosure. It is far better for a short sale to appear on your credit. Instead of a foreclosure judgment for credit rebuilding purposes alone. As you can see, there are many different alternatives and we have experience with all of them. We look forward to helping you make the decision that is best for you and your family.
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We understand what you're going through and want to help.
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