If you are having financial problems, you are probably already stressed out enough without having to think about the possibility of losing your home. Perhaps you have been receiving foreclosure notices in the mail, and they sound increasingly urgent. Maybe the bank or mortgage lender is calling on the phone every day, asking you for money that you just don’t have right now. If this situation sounds like what you are dealing with right now, take heart: You can still keep your home. However, you do have to have the right help to do so.
A Foreclosure Attorney In St. Louis MO may be able to help you stay in your home, but it will require working closely with the lawyer and possibly filing chapter 7 or chapter 13 bankruptcy. Contrary to popular belief, the bankruptcy laws were really not written to strip people of all their possessions and leave them homeless, with no way to recover. Instead, the real purpose of the bankruptcy laws in the United States is to give deserving persons a fresh start, free of the debt that has caused them so many problems in the past.
If you are in over your head with debt and you can’t make your basic monthly expenses, nor do you have any realistic expectations of being able to do so in the near future, this is the type of solution that might make a lot of sense for you. In many bankruptcies, you and your family are able to continue living in your home as long as you don’t have excessive equity in it, and as long as you are able to make future payments on the amount that you still owe to your lender.
Regarding the past due amount on your home, and any penalties or fees that may have piled up during this current financial crisis, your Foreclosure Attorney In St. Louis MO may be able to negotiate with your mortgage provider to help bring your mortgage current. Sometimes it is possible to eliminate or reduce past due fees or penalties! Don’t give up the hope of staying in the home you love without talking to a good attorney first. Click Here for more info!
