Keep Your Home and Stop the Foreclosure Process
If your home is facing foreclosure or if you are worried about the foreclosure process beginning soon, filing bankruptcy will put the process on hold and will give you more options and more time to gain control of the situation. Filing bankruptcy can stop foreclosure auctions and sheriff's sales, while permitting many homeowners to keep their exempt property and become current on their mortgage payments. Bankruptcy has many benefits and it is important to analyze your situation properly to determine if it is the right option for you.
At the Law Office of Daniel R. Whitmore, in Seattle, Washington, we consult with homeowners about their debt problems and financial issues. If Chapter 7 or Chapter 13 bankruptcy could help you stop the foreclosure process and save your home in an effective way, we can guide you through the process and provide the solutions your situation needs. By talking with an attorney as soon as possible, you can find a fresh start and save your home from the foreclosure process.
Options for Saving Your Home
There is a lot of conflicting and confusing information on the Internet and elsewhere about stopping the foreclosure process and how filing a bankruptcy will impact you as a homeowner. Talking with a bankruptcy lawyer is a responsible choice that will help you get honest answers about your individual situation and will let you make informed decisions about your future.
In Chapter 7 bankruptcy, you may be able to keep your home (as well as other property) if it is considered exempt. Exempt property will not be sold off in order to satisfy creditors, and as long as you remain current on the payments, you will likely be able to keep the property.
In Chapter 13 bankruptcy, you can hold on to your property and pay back arrears and other debts over a 3 to 5 year period of time. People who want to be guaranteed of keeping their homes often file for Chapter 13 bankruptcy protection.
In either case, filing for bankruptcy creates an "automatic stay" that stops all collection activities, including repossession, creditor phone calls and harassment and foreclosure.
Learn More Information About Your Options
Holding on to your home is important and finding an effective solution that will allow you to keep your property is what we can help you do at the Law Office of Daniel R. Whitmore. Contact us toll free in Seattle, Washington, at 866-467-5841 to schedule an appointment for a free initial consultation. Get the personal service and proven solutions that your need to save your house from foreclosure.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
