Using Bankruptcy to Stop Foreclosure
For most people, mortgage payments are the largest expense in the budget. Many people spend months saving to buy a home and years working to improve it and maintaining it for their family. With so much invested, it can be frightening when the bank threatens to foreclose your home because of late or missed payments.
If you are facing home foreclosure, you may be worried about what options you have and whether you will lose your home if you are unable to make payments immediately. If that is the situation you are facing, it is important to know that experienced Winchester lawyers can help you stop foreclosure and stay in your home. At Parker & Associates, we have nearly 30 years of experience using the bankruptcy process to help individuals find the debt relief they need.
Massachusetts Mortgage Assistance Attorney
When your first bankruptcy is filed, an automatic stay is brought into effect. Like an iron gate that stops everything in its tracks, filing bankruptcy automatically stops foreclosure proceedings at any step in the process. Because the foreclosure process is automatically stopped, you have time to figure out what your options are. If you have filed more than one bankruptcy there may still be options for obtaining the automatic stay, but you need an experienced bankruptcy lawyer.
If you are like the millions of Americans who do not understand what options they have, don't worry. We can work with you to create a plan that fits your situation. We provide help as you work to modify your existing loans so your payments are more manageable. If you lost your job, were recently divorced or have suffered a life change where you find your mortgage payments will be out of your budget and you decide to let your house go, we can help you create a strategy which will help you let the house go and discharge the deficiency.
Contact a Winchester Attorney to Stop Foreclosure
Whatever difficult financial situation you are facing, we can help you create solutions you didn't know existed. Work with an experienced attorney to stop foreclosure through bankruptcy. Contact us online or call 781-218-3487 to schedule your free initial consultation.
