How to Stop a Foreclosure?

Stop a Foreclosure with Denver Bankruptcy Lawyer Christopher German

15396843_sYour mortgage lender could start a foreclosure action and sell your home at sale. If the sale nets less than you owe, there will be a “deficiency balance” that you may owe to the lender. This debt is considered unsecured debt since the lender no longer holds your house as collateral. Filing for Chapter 13 bankruptcy protection stops your mortgage lender in their tracks. The day you file your Chapter 13 plan, the court grants you an “automatic stay”, which will immediately prevent the sale of your home.

If you feel you have been taken advantage of or feel your rights have been violated, we are here to help. One of the great advantages of a Chapter 13 plan is that the plan allows you to get caught up on your mortgage payments over the length of the plan, usually within three to five 5 years. If your home is in foreclosure, you must file for bankruptcy relief before the foreclosure sale date in order to keep your home.

 Your credit is good with us! Call Denver Bankruptcy Lawyer
Christopher German 720-675-8070 for your Free Consultation.
You’ll be glad you did!

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