When you own a home, you want to be able to keep it and never think about the possibility of losing it to foreclosure. Unfortunately, situations can arise that cause your home to be at risk. When you lose a job or experience an injury or illness, getting behind on your mortgage payments is common. Once you are three payments behind, the vast majority of lenders will start the foreclosure process, which can lead to you losing your home to the bank. If you want to avoid this process, it is important you are proactive and contact Foreclosure Defense Attorneys Lawrence KS. The sooner you do so, the less likely your foreclosure nightmare will become a reality.
An attorney can help you to avoid foreclosure, by first contacting your mortgage holder. While not always possible, the lawyer may be able to work out payment arrangements that allow you to get caught up on the amount owed, while keeping your current payments paid. This is sometimes done through putting the past due payments at the end of your loan.
Some mortgage companies are more willing to work with people when a lawyer contacts them. Since the lawyer is well-versed in the law, they can help to protect your rights and work towards an amicable solution with your mortgage company.
If you have not yet been served, but are nearing the foreclosure process, you may want to consider working with Foreclosure Defense Attorney in Lawrence KS, to file for bankruptcy. Chapter 13 bankruptcy can help you to avoid the foreclosure process, because it lists your mortgage company in your filing. This means the company cannot pursue you during the bankruptcy period. This can give you between two and five years to get caught up on your mortgage payments and make sure you keep your monthly payments paid on time.
As long as you are current on your mortgage payments at the end of your bankruptcy period, you can avoid the foreclosure process and keep your home. This is one of the most viable options for people who are facing foreclosure and want to be able to keep their homes.
For more information on how you can avoid foreclosure, make sure you visit Johnhoogelawoffice.com. They can assist you through the process and will work to help save your home, so you do not lose it to the bank.
Visit Hooge John R Attorney At Law PA for more details.
