Seattle Foreclosure Advice
Could Bankruptcy Help You Prevent Home Foreclosure?
Foreclose and bankruptcy are topics that often go hand in hand. When families are behind on mortgage payments, some use bankruptcy to save their homes, while others use bankruptcy to protect from creditor collection after foreclosure. But understanding your options surrounding bankruptcy and foreclosure is not always easy. That is why it is so important to speak with an experienced bankruptcy attorney before making any decisions. Without informed guidance, you risk losing your home and your financial well-being.
As the founder of Law Office of Ruth Nelson, I help clients file for Chapter 7 and Chapter 13 bankruptcies in the Seattle, Washington, area. If you are worried about losing your home, I can evaluate your situation and help you decide if bankruptcy can help you save your house. The sooner you seek help after missing a mortgage payment, the easier it will be to manage.
If you want to stop foreclosure: If you experienced a temporary setback (such as job loss or illness), but could afford your mortgage if you weren’t behind, bankruptcy may be a good option for you. If you can’t afford your mortgage because of other debt, bankruptcy could get rid of that debt so you can afford to pay your mortgage. Chapter 13 may also be able to strip your second mortgage.
If you can no longer afford your home and must foreclose, bankruptcy can protect you from the debt collection attempts of your mortgage lender: If you built up your debt because you really can’t afford your mortgage, it may be in your best interest to let your home go back to the bank. In these instances, bankruptcy may be able to discharge any past due payments owed to the bank.
Contact An Everett Chapter 13 Lawyer
If you need foreclosure advice in Seattle, the sooner you contact me, the sooner we can resolve your financial problems. Call me at 206-633-2517 or email my office to arrange a free initial consultation.
Cash, Checks And Money Orders Accepted
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.