Helping You Understand The Impact Of Foreclosure On Their Bankruptcy Claim
Contrary to what they may say, it is rarely in a mortgage lender’s best interest to begin the foreclosure process when you file for bankruptcy and wish to keep your home. In fact, they cannot do so without the court’s permission, and they must have a basis to seek such permission. Banks and other creditors know that they stand a far better chance of recovering their collateral interest in a loan by working with homeowners filing for bankruptcy rather than pursuing an expensive and time-consuming foreclosure on your home.
At the northeastern law office of Debra Booher & Associates, we will help guide you to the best chapter for your situation to keep your home. We will tell you straight so that you can make clear, informed decisions. We are one of the leading consumer bankruptcy law firms in northeastern Ohio with the experience of more than 15,000 bankruptcies behind us.
For sound advice and representation that can help you stop foreclosure on your home through bankruptcy, contact our offices today.
Avoiding Home Foreclosure Through Bankruptcy
Homeowners can fall behind in their mortgage payments for any number of reasons, including huge medical bills, unemployment or a divorce. Regardless of your reason, foreclosure is typically the last resort for lenders and borrowers facing the effects of a financial struggle. Despite many new bankruptcy law myths, filing bankruptcy under Chapter 13 is a viable option for protecting your home from foreclosure.
We can help you determine if you have the income to continue paying your mortgage payments and catch up on those in arrears through a repayment plan that makes sense for your financial situation. We encourage clients to see the big picture when it comes to their home by sitting down with a lawyer at our firm and coming up with a sensible plan to stop foreclosure.
We work with a lender to restructure your house payments and save your home, or to cure arrears through Chapter 13.
Get In Touch With Our Experienced Bankruptcy Attorneys
To learn more about obtaining debt relief through bankruptcy and saving your home, contact an attorney at Debra Booher & Associates for a no-obligation consultation. We serve clients throughout northeastern Ohio, including Akron, Cleveland, Independence and neighboring communities. Call any of our six office locations at 888-542-1300 to get started.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.