Bankruptcy and Foreclosure; Part 1: The straight and the narrow

Friday 5th of October 2012 01:33:29 AM

Before you throw in the towel and walk away from the fight to save your home, let us take a look at your situation and see if there is anything we can do for you.  There is no fee and no obligation.

I want to congratulate you for taking the initiative to explore bankruptcy as an option.  As a real estate and bankruptcy attorney, I know that for circumstances beyond your control, you are very likely facing a financial situation that you cannot repair.  I want you to know that you are not alone.

Bankruptcy is a powerful and effective tool to remedy a person’s dire financial state, and many times today such difficulties begin with your mortgage.  If you have spent the last several

First, Bankruptcy has the power to stop a foreclosure sale until your bankruptcy matter has been reviewed by The Court.   This is because a bankruptcy filing imposes an automatic stay against all collection, IMMEDIATELY.  The stay is a federal court order which takes effect as soon as we file your case. .  Our office files its bankruptcies electronically, so we will obtain a case number and a stay order almost instantly for you.months, or even years, trying to find a way out of the problem by applying for a loan modification or other methods, and nothing has worked, then it’s time to take a hard look at the bankruptcy option and here’s why:

A second reason why bankruptcy may be for you is because it doesn’t have to interfere with your chances of being approved for a modification.  If you have applied for a modification, the process can still continue.

Third, here’s something that I want you to keep in mind.  If your bankruptcy eliminates all of your other debt (like credit card debt), then once the debt is eliminated, perhaps you may now be able to afford the mortgage,  even if it doesn’t get modified.  This way you eliminate a lot of the debt that is weighing you down, leaving only the mortgage as the only large payment you need to worry about.  I will cover this point in greater detail in later videos.

Fourth, under the right conditions, bankruptcy can even eliminate a second loan on your home.  If you have a second, third or even fourth loan secured against your home, there is a good chance that we can get those loans eliminated.  I’ll discuss this point in more detail in further videos as well.

Like I said before, don’t walk away from the fight to save your home before you let us take a look at your situation to see if there is anything we can do for you.  There is no fee and no obligation.  You can reach us through the form on this webpage, or you can call us directly at 888 607 7460.  I look forward to helping you.

Tagged , , , , , , , , , , ,

Leave a Reply




website by vnacolors