STOP FORECLOSURE IN ALABAMAUnfortunately, with everyone living paycheck to paycheck nowadays, it only takes a small change or disruption of your financial situation to cause serious problems, including missed mortgage payments. Don’t be afraid of losing your house. Take action. Take control of the situation. There is still hope. If it is done right, through the power of a Chapter 13 Bankruptcy, you can stop a foreclosure – even if the foreclosure process has started – even if you have received threatening letters – even if a sale date has been set – even if that sale date is tomorrow. However, time is running. You must act quickly.
Bankruptcy is the only GUARANTEED method to stop foreclosure. |
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In a Chapter 13 bankruptcy you put your arrearage (the payments you have missed) in your Chapter 13 plan and pay them back over the term of your plan (usually 5 years). This in effect “catches up” your mortgage payments, keeping the mortgage company from foreclosing. If your insurance and property taxes are not paid through your mortgage payment, these will need to continue to be paid by you.
To stop the foreclosure your bankruptcy will need to be filed prior to the foreclosure sale. We can file your case and stop the foreclosure all the way up to the time the property is sold; however, I would recommend you see an attorney immediately and not later than 1 week prior to the foreclosure sale and try to get the case filed a day or two prior to the foreclosure sale date.
Your Chapter 13 bankruptcy plan will not affect the terms of your mortgage outside of pulling you out of default by taking care of the behind payments. Therefore, beginning the month after you file for bankruptcy, you will have to begin making your regular monthly mortgage payments. But, remember that a Chapter 13 bankruptcy plan will also be reorganizing any other debt you may have as well and this normally makes the payment of the bankruptcy plan payment and your regular mortgage payment much easier to make.
Call 256-739-1962 or click here to speak with or schedule an appointment for a free consultation with a Chapter 13 Bankruptcy attorney at Collins Law Offices, PC in Cullman, AL. to stop the foreclosure process. We know filing facing a foreclosure is difficult. We want you to have all the information you need to make that decision before you pay us anything.
To stop the foreclosure your bankruptcy will need to be filed prior to the foreclosure sale. We can file your case and stop the foreclosure all the way up to the time the property is sold; however, I would recommend you see an attorney immediately and not later than 1 week prior to the foreclosure sale and try to get the case filed a day or two prior to the foreclosure sale date.
Your Chapter 13 bankruptcy plan will not affect the terms of your mortgage outside of pulling you out of default by taking care of the behind payments. Therefore, beginning the month after you file for bankruptcy, you will have to begin making your regular monthly mortgage payments. But, remember that a Chapter 13 bankruptcy plan will also be reorganizing any other debt you may have as well and this normally makes the payment of the bankruptcy plan payment and your regular mortgage payment much easier to make.
Call 256-739-1962 or click here to speak with or schedule an appointment for a free consultation with a Chapter 13 Bankruptcy attorney at Collins Law Offices, PC in Cullman, AL. to stop the foreclosure process. We know filing facing a foreclosure is difficult. We want you to have all the information you need to make that decision before you pay us anything.