Avoiding Foreclosure is a Possibility
There is nothing worse than the thought of your home being repossessed by the bank. If you find yourself faced with foreclosure, you have a couple options: you can fight for your home, or you can sit back and let the bank get the best of you.
Those who are ready to save their home need to know what they are up against, how they can achieve this goal, and what they may run into along the way.
Avoiding foreclosure is easier said than done, but it is a possibility if you know what you are doing and put the appropriate amount of time into making the right decisions.
Get Professional Help
As soon as the bank begins to close in on you (if not sooner), it is imperative to get professional help. By hiring an attorney, you know you will be in good hands at all times.
Over the years, we have helped many people avoid foreclosure and stay in their home.
One of the best ways to avoid foreclosure and better your financial position is to file for bankruptcy. This may sound like something that will complicate your finances, but in the long run it can work in your favor.
When you file bankruptcy it will put pause the foreclosure process for the time being. This should give you enough time to figure things out, making sure you take the steps that will better your position moving forward.
With Chapter 13 bankruptcy, for example, you can repay your lender through your repayment plan. As long as you stick with your repayment plan, while making your regular monthly payment, it is possible to avoid foreclosure to ensure a brighter future.
It is a common belief that banks want to foreclosure on homes, but nothing could be further from the truth. These financial institutions are not in business to sell real estate. Instead, they are in business to service loans. For this reason, they are more than willing to work with customers who are having a hard time staying current.
In the event foreclosure has become a reality, it is time to consider your options as a homeowner. When you get in touch with us, it will not be long before you have a plan in place for saving your Philadelphia home from foreclosure.