Helping People Stop Home Foreclosure Since 1975
Are you finding your self behind on mortgage payments? Are you already at risk of losing your home to foreclosure? Seek a debt relief and bankruptcy attorney immediately to discuss your options. It may not be too late to save your home. The sooner you act and contact the Debt Relief Legal Clinic in California, the sooner we can start helping you save your home.
In this economy, many families in California and across the country are losing their homes to foreclosure. You do not have to be one of them. Instead you can take action and seek debt relief and bankruptcy filing assistance. Filing for bankruptcy can in some situations stop home foreclosure. Discuss your particular case with one of our experienced San Diego County attorneys. With more than 30 years of experience, we are extremely knowledgeable in the area of bankruptcy and home foreclosures. Contact us today to schedule a free initial consultation.
Stopping Foreclosure Through Bankruptcy: Mortgage Debt Reorganization
Bankruptcy can help you stop foreclosure. The best way to do this is by filing for Chapter 13 bankruptcy. As soon as you file for Chapter 13 bankruptcy, an “automatic stay” is immediately placed on creditors. This halts all attempts to collect payment, foreclosure actions and any creditor harassment. During this automatic stay you then have an opportunity to reorganize your debt into a three-to five-year mortgage repayment plan. You also can use this time to seek a loan modification. You may even be able to strip second and even third mortgages on your home under Chapter 13 lien stripping.
Chapter 7 bankruptcy also places an automatic stay on creditors. However, in some cases creditors can seek to have this stay lifted as they have a right to do so when ongoing payments are not made. Additionally, Chapter 7 cases usually conclude in about 4 months. This means the automatic stay period can be short, which is why Chapter 13 is usually the better option for stopping home foreclosure.
Schedule a Free Initial Consultation With Your San Diego Bankruptcy Attorney
You don’t have to live with the stress and constant worry that you may lose your home to foreclosure. At the Debt Relief Legal Clinic, we are dedicated to helping you. Find out how to stop foreclosure today. Call 877-663-3287 or e-mail us today to schedule your free initial consultation with one of our San Diego County lawyers.