File Bankruptcy To Stop Your Foreclosure Before It's Too Late!
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File Bankruptcy To Stop Your Foreclosure Before It’s Too Late!
As foreclosure Tuesday quickly approaches, it’s not unusual for bankruptcy filings to spike up in numbers. Waiting till the last minute can both help you and hurt you, when it comes to stopping a foreclosure. How late is too late? Well to be perfectly honest, we can stop a foreclosure the day of the foreclosure. It is not wise to try and wait that long, but we understand that you may be exploring alternatives. This article will highlight some of the reasons you may choose to delay filing for bankruptcy.
Why Wait To Stop Foreclosure
There are a few reasons to wait till the last second to file for bankruptcy. For starters, there are some alternatives to filing bankruptcy in the midst of a foreclosure. You could file for a loan modification, but this takes a long time. There is also the ability to sell your home to a third party buyer, who will allow you to stay in your home and pay rent. You can also just simply bring your payments up to current. This is probably the most optimistic approach, but very difficult if you don’t have the money. By bringing your payments up to current, you won’t have to file for bankruptcy, and can stay in your home. Many people chose to wait to file because they want to bring their payments up to current and not have anymore debt towards their home.
Stop Your Foreclosure Before It’s Too Late – 404-800-4001
If you’re drowning in debt, call ATL Law immediately, and we can get you back on track for $0* down, and get you on a repayment plan so that you only have to pay back a fraction of your debt or pay nothing back at all through a Chapter 13, 11 or Chapter 7. We are experienced attorneys who deal with foreclosures, repossessions, wage garnishments, etc. everyday.