Stop Foreclosure and Sheriff Sale
Bankruptcy helps you face Foreclosure and Stop Sheriff Sale
Foreclosure has reached an almost epidemic status across the country, throughout Indiana and in the communities around Indianapolis. Families who only a few years ago were managing well, now find themselves behind on their mortgage payments.
If you are facing foreclosure or are feeling overwhelmed, don't let inaction or helplessness lead you down a path toward homelessness. You have options and protections under bankruptcy laws that can help you reorganize, restructure and rebuild. Our bankruptcy attorney, Portia Douglas, works with families and individuals who want to keep their house to provide personal service designed to stop foreclosure and sheriff sale.
Take Action Against Foreclosure
The time to file bankruptcy must be determined based on your fact situation. Our bankruptcy lawyer will help you consider your options and dispel some of the myths.
We see people every day who simply feel overwhelmed by the threat of foreclosure. Unfortunately, inaction can do more harm than good and — as the foreclosure process moves forward — many folks encounter increased late fees and other penalties and costs associated with processing the foreclosure. The longer you take no action, the more costly actions may be taken against you. If you can file Chapter 13 bankruptcy before foreclosure is filed, it may save you foreclosure attorney fees and all the costs associated with foreclosure which can add up to thousands of dollars. There are a lot of variables that must be considered in the timely filing of a bankruptcy and these decisions should only be made after a bankruptcy attorney has discussed your facts with you.
It is important to say that sheriff sale is the final deadline for keeping your house. Once your house is sold at sheriff sale, bankruptcy cannot help you regain your home. It's too late. Chapter 13 Bankruptcy can stop sheriff sale and force mortgage companies to accept mortgage arrearages over time. Chapter 7 bankruptcy can stop sheriff sale temporarily and help you eliminate mortgage debts altogether. As a practical matter, if you wait to file bankruptcy close to the sheriff sale, your attorney is more likely to ask for a higher retainer because of the increased responsibilities to meet a close deadline. In other words don't wait until the last minute if you want to keep your house. Our office can work with you to consider the full benefits of filing Chapter 13 bankruptcy or Chapter 7 bankruptcy and discuss how it may help you save your home or discharge your mortgage obligations. Our goal is to set up a customized plan around your particular needs and situation that will put you back on the path of steady home ownership and financial health.
We may even be able to eliminate the burden of a second mortgage if the value of your home is equal to or less than the debt on your primary mortgage, but we can only help you regain control of your financial future if you take the first steps.
Contact Our Office Today for a Consultation
Even if you are not certain that bankruptcy is a viable option for you, it is better to have the knowledge and guidance to make informed decisions. Call our Indianapolis office today at 317-581-9590 to schedule an initial consultation to discuss your options. Our bankruptcy attorney has over 20 years of experience in forecloure and sheriff sale issues.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
