Home Foreclosure
San Diego, California, Bankruptcy Law Firm
Is your lender foreclosing on your home? Filing bankruptcy will stop your foreclosure!!!!! Either filing a Chapter 7 bankruptcy or a Chapter 13 bankruptcy will stop your foreclosure under the automatic stay provision of the U.S. Bankruptcy code. However, if you want to keep your home then you will either have to catch up on all your provisions or modify your home loan. In certain situations we may be able to negotiate with your lender and have your past due payments wiped away or in some situations we may even be able to reduce the principal amount of your loan to today's fair market value. Filing a Chapter 13 bankruptcy will not necessarily eliminate your past due amount however, it will allow you to pay the past due amount over a three to five year period.
Chapter 7 bankruptcy will not eliminate any of your past due mortgage payments however, it may eliminate other non-secured debts such as credit cards, thus allowing you to be able to make your monthly mortgage payments. If you are in foreclosure, contact us immediately to schedule your free consultation so we can discuss the best course of action for your particular situation.
Free Bankruptcy Consultation, Call 858-240-2566 and set up a consultation with Jeffery R. Menard to discuss your individual options.