Bankruptcy Can Delay or Stop Foreclosure
When you are worried that you may lose your home, you may feel as though no one is on your side. How can you fight the bank or mortgage company on your own? With help from our attorneys, however, you can stop the problem before it gets worse.
The experienced bankruptcy attorneys at Markowitz Gravelle, LLP, can help you avoid foreclosure. We will analyze your finances and discuss bankruptcy, loan modification, refinancing and other options to save your home. Because we have helped hundreds of clients who are struggling with debt, we have the experience to help you choose bankruptcy or alternative means of debt relief. To schedule an appointment with our Trenton foreclosure defense lawyers, please call 866-437-1189 or contact us online.
Bankruptcy and Alternative Options
Lien holders and lenders have the right to repossess your home if you are not making mortgage payments. They may begin the foreclosure proceedings after you miss just one or two payments.
Filing for bankruptcy stops foreclosure, at least temporarily, by giving you an automatic stay from all collection actions against you. The automatic stay will delay foreclosure, giving you an opportunity to restructure your mortgage payments or make other arrangements.
Chapter 13 bankruptcy usually allows people to keep their homes by reorganizing their debt into lower payments for three to five years. It is possible to keep your home under Chapter 7 if you reaffirm your mortgage with the lender and have sufficient income to keep making payments.
Often, we discover ways for clients to work out their debts without filing bankruptcy. Our lawyers proactively negotiate with the property's bank for loan modification options to avoid foreclosure.
New Jersey Predatory Lending Lawyers
Please call us at 866-437-1189 to speak with one of our experienced lawyers. Located in Lawrenceville, the firm represents clients throughout Mercer County and the surrounding area.
