Protect Against Home Foreclosure
With the recent downturn in the economy, millions of people have lost or are about to lose their homes to foreclosure. If you have already lost your home or are at risk of losing your home to foreclosure, bankruptcy may provide a solution to the post-foreclosure financial problems that often arise after a home has been foreclosed upon.
Home foreclosure is a serious issue that can and often does produce long-term negative consequences for debtors. Therefore, obtaining legal representation before the foreclosure occurs is important! You have options, but taking immediate action is always the most cost-effective way to protect your rights. To learn more, contact The Dodds Law Firm in Surprise, Arizona. We are pleased to offer a consultation.
Avoiding Home Foreclosure With Chapter 13 Bankruptcy
Even if you are behind on your payments to your home mortgage lender, Chapter 13 bankruptcy may provide the relief you need to save your home. With a Chapter 13 bankruptcy, you may repay any past-due mortgage debt (with no interest or penalties) over the course of the Chapter 13 debt repayment plan. The length of the typically Chapter 13 Plan is three to five years.