Stop Home Foreclosure Attorney Detroit Metro & Warren
Brighton Home Foreclosure Prevention Attorney
Get the legal backing you need to stop home foreclosure. Contact me, attorney Thomas Hensel at Hensel Law Office, PLLC. I am a bankruptcy lawyer serving clients from offices in Brighton and Madison Heights, Michigan. Call me today to schedule a free initial consultation: 877-232-9161.
Adjustable Rate Mortgages and Foreclosure Crisis
Sub-prime loans, adjustable rate mortgages, a tanked housing market. While some may praise the fact that it is currently a “buyer’s market”, for those who are in danger of losing their homes, there is no cause for joy. You wait, wondering if the market will change, but as time passes and your house does not sell you begin to think your only option is foreclosure ― cutting your losses on a home you can no longer afford and beginning all over again.
Bankruptcy Can Stop Home Foreclosure
When you file for Chapter 7 or Chapter 13 bankruptcy, you are granted an automatic stay. In addition to stopping foreclosure actions from occurring, an automatic stay generally halts car repossession, wage garnishment and harassment from creditors. I encourage you to visit my office. Let’s look at your situation and create a plan that will help you stop home foreclosure, keep your home and make a fresh start.
Discussing Your Options
I am happy to help you explore your options to help you avoid home foreclosure. Together we can examine your financial situation and through a means test determine if you are eligible for Chapter 7 or 13. Chapter 7 is a liquidation of unsecured debt. Chapter 13 reorganizes your debt according to your ability to repay it. I provide personalized legal help filing bankruptcy.
Mortgage Modification and Bankruptcy
If you are presently negotiating a mortgage modification with your lender, filing for bankruptcy will not impact your ability to continue to do so. Keep in mind the filing of a bankruptcy will not force your mortgage company to grant you a mortgage modification. However, a Chapter 13 proceeding might give an alternative option for letting you keep your home.
Know your rights when you are caught up in the grip of financial trouble. At Hensel Law Office, PLLC, no matter what your bankruptcy issue, even if you are facing the possibility of home foreclosure it’s important to know you are not alone. Contact me today to schedule a free initial consultation. Call me at 877-232-9161.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.