If you are facing foreclosure on your home, you most likely feel out of control. The harassing phone calls and letters can cause you to feel stressed. Unfortunately, once the foreclosure process begins, there is little that can be done to stop it. This is why it is important you hire an attorney, so you can avoid the Foreclose Process Jacksonville TX. With an attorney, you may be able to keep your home.
It is important you contact an attorney as soon as foreclosure seems eminent. You should not wait until the beginning of the Foreclose Process Jacksonville TX, as your attorney will be less able to help you. If the foreclose procedure has not begun, your attorney can often work with your mortgage holder, to arrange payment options. Often, the mortgage company will be more likely to work with an attorney and agree to payment arrangements that would not have been offered to you.
One option for helping you to avoid the Foreclose Process Jacksonville TX is to consider bankruptcy. In chapter thirteen bankruptcy, all of your debts are listed on the bankruptcy decree. If your house is not in foreclosure, you will be given a period of time to take care of the old debt and keep your current mortgage payments paid.
This option not only helps you to avoid the Foreclose Process Jacksonville TX, but it also can free you from the stress of other debts. It is important you provide the attorney with information on every debt you owe. If any debts are not listed on the bankruptcy decree, you can still be pursued by the creditor. This means you could even be taken to court.
If you enter a bankruptcy agreement, you will be given between two and five years to catch up any late payments and keep the payments paid up on your mortgage. At the end of the bankruptcy period, you will be able to avoid foreclosure entirely, as long as your payments are current. Through an attorney’s help, you can save your home from foreclosure. If you are facing possible foreclosure, contact an attorney today.
