Salem Bankruptcy Lawyers Helping You Stop Foreclosure on Your Home
The housing market has experienced a significant drop in value. However, this has not led to lower mortgage payments. If you are finding it impossible to make steady, on-time payments to your bank or other mortgage lender, take steps now to stop foreclosure.
Our Salem bankruptcy attorneys at Cohen & Associates, P.C., know how to stop foreclosures in Massachusetts. Whether you want to seek mortgage negotiations with your lender or pursue debt relief through Chapter 13 bankruptcy, we are here to help. Contact our bankruptcy law firm to learn more in your free initial consultation.
How Chapter 13 Bankruptcy Can Help You Save Your Home
Filing Chapter 13 bankruptcy can put a stop to the foreclosure process and save your home. Through a Chapter 13 repayment plan, you make one monthly payment to a bankruptcy trustee. The trustee then apportions that lump sum to your creditors, including your mortgage lender. Over your three-to-five-year payment period, you are actually paying back any past mortgage payments. At the completion of a successful Chapter 13 plan, any remaining debt is wiped away.
Timing Is Everything
If you find you will be unable to continue making your mortgage payments, talk to one of our bankruptcy lawyers as soon as possible. We can try to negotiate with your lender to help you avoid a bank foreclosure.
If you have already received a foreclosure notice, seek legal counsel immediately. During your free consultation with one of our lawyers, we will fully review your situation and provide you with your debt relief options. If Chapter 13 bankruptcy seems like the right choice for you, we can help you file all the proper paperwork. However, the time to file for bankruptcy to stop the foreclosure process differs for every client. We can ensure you file at the correct time.
Free Initial Consultation With a Salem Mortgage Negotiation Attorney
If you are behind on your mortgage and fear foreclosure, contact our Massachusetts law firm online or call us at 978-338-4236 or toll-free at 866-606-0238. We offer flexible appointment schedules to better accommodate our clients.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
