Have you recently received a foreclosure letter from your mortgage company? You can still stop foreclosure. However, it is imperative that you speak with an experienced and knowledgeable Salt Lake City bankruptcy lawyer who can act quickly.
When you file a petition for either Chapter 13 or Chapter 7 bankruptcy, this immediately creates a period known as automatic stay. This means that all lawsuits and wage garnishments are stopped. In addition, this stops foreclosure on your home. Even if your home is scheduled to be sold at auction, filing for Chapter 13 or Chapter 7 bankruptcy will stop the sale for up to 2-3 months.
The Law Office of Ryan E. Simpson, P.C. is located in West Jordan, Utah. These lawyers have helped many Utah families keep their homes safe from foreclosure and relieved them from stress due to mounting debt. To learn more about how we can help you, please schedule a free consultation at (801) 432-8682 or send us an email.
Chapter 7 or Chapter 13 Bankruptcy Stops Foreclosure Immediately
Do you really want to keep yourself at home? Are you convinced that filing for bankruptcy is your best option? There are many things to take into consideration if you’re trying to decide if bankruptcy is the right thing to do, or if you should allow the foreclosure process to begin. For example, consider these things first:
- How much do you owe?
- How far behind are you on mortgage payments?
- Even if your debt was wiped out today or tomorrow, could you pay future mortgage payments?
- Are you paying more on your mortgage than what your home is worth? Can you renegotiate terms with your mortgage lender?
There are many other things that you may not have considered. Many of our clients deter foreclosure for family reasons. For example, are you trying to keep your kids in their familiar school district? No matter what your reasoning may be, we can help you consider all options.
Your notice of foreclosure will not go away on its own. No matter where you are in Utah, call us at (801) 432-8682 to schedule a free consultation today. Even if your foreclosure is hours away, we can still help.
Let Law Offices of Ryan E. Simpson, P.C. fight to keep you in your home. Contact us today for a free consultation!