Get Mortgage Help When you are in Arrears Before you Lose Your Home
If you are behind in your mortgage payments, the amount you owe is called the “mortgage arrears.” If you do nothing to repay it, your mortgage lender will take possession of the home, get you evicted, sell the property, and use the money from the sale to pay off the mortgage debt. Before you lose your home, consult our experienced attorneys for mortgage assistance to prevent this action.
Chapter 13 Bankruptcy Buys You The Time Needed To Clear The Debt
If you wish to keep your home but you are behind on the payments, you can cure the default and bring the mortgage current through a Chapter 13 plan, which is a bankruptcy often used for this exact purpose. Our bankruptcy attorneys can help you decide if this is the best plan for you to relieve your debt problem and how to use it to get the mortgage assistance you need.
- You would have to start fresh with the monthly mortgage payments after the Chapter 13 case is filed.
- You would also start paying a Chapter 13 plan payment that would bring your mortgage and back property taxes current over the next three to five years.
- As long as you continue paying the mortgage payment and the Chapter 13 plan payment, the bank will not foreclose.
Contact us today to set up a Free Consultation with an experienced bankruptcy attorney. We have offices in Antioch, Richmond, and Oakland.