Plymouth Foreclosure Prevention Attorneys Helping You Protect Your Home
No one ever wants to lose their home as a result of missed mortgage payments. But unfortunately, this is a sad reality that many homeowners face every year. Foreclosure can be embarrassing, disheartening, and devastating for homeowners. But fortunately, it is possible to avoid foreclosure and save your family’s home with the help of our foreclosure prevention attorneys.
If you are at risk of losing your home, contact the foreclosure prevention attorneys at Benner & Weinkauf as soon as possible. We have helped countless clients take action to avoid foreclosure. Now, let us help you. Schedule your free consultation with our team by calling 774-404-8321 now.
How Can Filing For Bankruptcy Help You Avoid Foreclosure?
Some people may be able to avoid foreclosure by filing for bankruptcy in Massachusetts. Filing for bankruptcy will trigger what is known as an “automatic stay.” This will temporarily prevent all creditors from attempting to collect from you, which means it will pause foreclosure proceedings. As a result, this automatic stay will buy you more time to sort out your finances so you can keep your home.
Filing for bankruptcy can also help you eliminate other debts, such as credit card debt and medical debt. Getting rid of these debts could make it easier to make your mortgage payments.
If you have more than one mortgage, you may be able to eliminate the second mortgage by filing for Chapter 13 bankruptcy. Eliminating this mortgage may make it easier for you to make up on missed payments on your first mortgage.
These are some of the many ways that filing for bankruptcy can help you avoid foreclosure.
How Can Loan Modification Help You Avoid Foreclosure?
Filing for bankruptcy is not the only way to save your home. Another option is loan modification. A loan modification is–as its name suggests–a change to the original terms of the mortgage. If you are unable to make your current mortgage payments, modifying the terms of the agreement may be the answer.
Our attorneys can aggressively negotiate with the lender to secure more favorable mortgage terms on your behalf, including:
- Lower monthly payments
- Extended term
- Postponed payments
- Elimination of a portion of the principal
These modifications will make your monthly mortgage payment more manageable, so you can make up for missed payments and stay current moving forward. This is another way to prevent foreclosure if you are falling behind on mortgage payments.
Schedule A Free Consultation With Our Foreclosure Prevention Lawyers in Plymouth
Don’t let a lender foreclose on your family’s home. Fight to protect your home with the help of our dedicated foreclosure prevention lawyers in Plymouth. At Benner & Weinkauf, we have the extensive experience and resources that you need to avoid foreclosure. Learn more about your legal options–and how we can save your home–by scheduling a free consultation with our team today. Call 774-404-8321 or submit your information using the form on this website to get in touch with us now.