How Bankruptcy Can Help You Avoid Foreclosure on Your Home
South Jersey Bankruptcy Help
If you have fallen behind in your mortgage payments, you are likely dealing with a serious debt burden. Ignoring the problem won’t make it go away, but you can take action to save your home and avoid foreclosure.
Save Your Home From Foreclosure and Regain Your Financial Footing
Even if you don’t see a way out right now, it is important for you to know that countless people in your situation have been able to save their homes and regain their financial footing. It is possible for you, too.
Filing for Chapter 7 bankruptcy or Chapter 13 bankruptcy protection will freeze attempts by your mortgage company to seek foreclosure. Bankruptcy can also eliminate credit card debt, end wage garnishment and stop a bank levy. You do have options and you can find relief from financial strain.
Learn How You Can Reduce Your Debt
Call 856-547-6500 to discuss your concerns in a free consultation with an attorney at the law firm of John Hargrave and Associates, in Barrington, NJ. We can help you understand how to reduce your debt or possibly discharge much of it. You may also contact us online.
Act Now. Do Not Wait For the Foreclosure Notice.
It can take a mortgage holder many months to foreclose on a property. Most banks would rather see you keep up your payments as they are already holding onto way too many foreclosed properties. They are not keen on foreclosing. However, if you do not take action to stop foreclosure and are in arrears, then you will lose your home to your lender.
A sheriff’s sale can take a year or longer. New Jersey law also allows homeowners to postpone a sheriff’s sale. Homeowners can take two two-week postponements.
If you have received a notice that your house will be sold in a sheriff’s sale, request a postponement and get in touch with a bankruptcy attorney immediately.
Refinance Your House to Pay Off Credit Card Debt?
Sometimes it is not a sound financial decision to refinance your home to pay your credit card debt. If you are unable to pay your loan, then you can also lose your house. Bankruptcy may be a more effective way to eliminate credit card debt and keep your home.
Speak with an Experienced, Caring Foreclosure Defense Attorney in Southern New Jersey
Call 856-547-6500 to learn how an attorney at the law firm of John Hargrave and Associates, in Barrington, NJ, can help you stay in your home. You may also contact us online. Our goal is to see our clients resolve their debt troubles and get back on the path to financial freedom.
We are a debt-relief agency. We help people file for bankruptcy relief under the bankruptcy code.