Facing Foreclosure?

If you have already received a Notice of Foreclosure, it's important to contact me right away. I can help you take the steps to stop foreclosure and keep you in your home.

If you (the borrower) have fallen behind on your mortgage payments, foreclosure is the process the mortgage company uses to take back your property and minimize their financial losses. Once you fall three months behind on your mortgage payments, foreclosure procedures will normally begin. The only way to stop this process is to work out an agreement with your mortgage company to bring your mortgage current or refinance your loan so you can make the monthly payments. If you've fallen that far behind, it's often difficult to get approval for refinancing. If that's the case, you should consult an experienced attorney who can assess your situation and help develop a solution to stop the foreclosure before it's too late.

Ways to Fight Foreclosure

You have a few options to fight the foreclosure of your home or property. One of the best ways to stop foreclosure is filing for Chapter 13 bankruptcy - but you must file for bankruptcy before the foreclosure sale. In most cases, an "Automatic Stay" comes into effect as soon as you file your Chapter 13 petition. This stops all actions from your creditors and halt the foreclosure process, giving you the time you need to reorganize your debt in a plan for recovery.

If filing for Chapter 13 bankruptcy is not right for you, there are other alternatives available. You can consider short sale, loan modification, and deed in lieu of foreclosure - but you'll need to speak with me to find the right solution for your particular situation.

Contact Greenville, Spartanburg, Columbia & Florence bankruptcy and foreclosure lawyer Gaffney Law Firm today to schedule a free, no-hassle consultation!
 

To schedule your free consultation, please contact your nearest Gaffney Law Office today.