When foreclosure is imminent, many people feel like they have no way to stop the process. Often, this leads to a person vacating their home when they may have had other options. Once a homeowner learns foreclosure is being threatened, it is important they contact a Foreclosure Defense Attorney Lawrence KS. The sooner an attorney gets involved, the better the chances of a homeowner being able to keep ownership of their home.
To find out the options for stopping foreclosure, homeowners need to schedule a consultation appointment with a Foreclosure Defense Attorney Lawrence KS. The attorney will ask for financial records, debt information, income verification and asset ownership. These pieces of information will assist the attorney in knowing what type of help can be found to prevent the loss of the home through foreclosure.
The first step in avoiding foreclosure will be the attorney contacting the mortgage holder. While this is not always able to prevent foreclosure, it can sometimes help. When an attorney gets involves, mortgage holders are sometimes more willing to work with people on making arrangements to catch up their payments in arrears. If arrangements cannot be made, the attorney has other options. Click here for more details.
Filing for bankruptcy can allow a person who is facing foreclosure to avoid it. Chapter 13 stops and prevents all forms of collection. During the two to five year period of a bankruptcy, the creditors are not allowed to contact the debtor or pursue them in any way. This gives the homeowner time to catch up past due payments and make sure their current payments are paid on time.
Though bankruptcy is not an option for everyone, it can be a viable solution for those trying to avoid foreclosure. By paying a payment to the court each month, people can prevent the mortgage holder from taking their home.
To learn more about bankruptcy and how it can benefit those facing foreclosure, visit us. Through the help of an attorney, a person can keep their home and take care of all of the debts they owe. Contact them today and schedule a consultation appointment to learn more.
