You Can Stop Foreclosure
In most cases, you can stop foreclosure on a home. At Scott Mitchell Law Offices, we know, because we stop foreclosures every week. We are experienced bankruptcy law attorneys who help people obtain debt relief while keeping most or all of their property.
If you are behind on your mortgage payments and credit card bills, call us at 209.566.1897 for a free consultation. An attorney at our firm can evaluate your situation and act immediately to stop the foreclosure of your home.
Your Bankruptcy Options
You may have one or more foreclosure defense options. Scott Mitchell Law Offices will review your financial situation and explain your options. These include Chapter 7 bankruptcy, Chapter 13 bankruptcy or debt relief without resort to bankruptcy.
Our recommendation will depend on your financial situation and ability to repay certain debts. A Chapter 7 bankruptcy can stop foreclosure immediately, but only temporarily. This can give you the time you need to obtain additional money to get current on your mortgage or a new place to live. Chapter 13 bankruptcy on the other hand, can stop foreclosure permanently when we present a feasible debt reorganization plan to the bankruptcy court. Under Chapter 13, you can get debt relief while keeping your home.
Eliminating a Second Mortgage
By filing a Chapter 13 bankruptcy for you, our firm can completely eliminate a second mortgage and any junior liens or mortgages. The additional cash flow this frees up can provide the financial breathing room you need to service your remaining debts. And as soon as we file, the threat of foreclosure stops.
Is Your Home Worth Less Than Your Mortgage?
In today's real estate market, many people find themselves locked into mortgages that are worth more than the home itself. In this situation, it may make more sense to let the home go rather than trying to hold on to the house. Before making this critical decision, Scott Mitchell Law Offices can evaluate your options and provide you with guidance.
Legislation has also been proposed that would enable people in this situation to reduce the outstanding amount of a first mortgage to the current value of the house when filing for Chapter 13. Our firm can inform you of the progress of this legislation, which is expected to pass soon. When it does, we can take action on your behalf.
Free Consultation ● Contact a Lawyer Today
Call 209.566.1897 or send us an e-mail for a free consultation with Scott Mitchell Law Offices.
We can meet with you in our offices in Modesto, Stockton or Turlock, or at another location of your choosing.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
