The possibility of losing your home is understandably overwhelming. The sooner you take action, however, the more options you will have for preventing foreclosure. Speak with a bankruptcy and foreclosure lawyer today to learn which options may be best for you.
At the Rehl Law Firm, I help Oklahoma homeowners avoid foreclosure. In many cases, filing bankruptcy provides the relief necessary to save a home. It is important to work with an experienced attorney to ensure that you file the chapter of bankruptcy that is right for you. If bankruptcy is not an appropriate foreclosure solution, I will tell you upfront and can suggest alternatives.
Contact me by email, or call 405-926-3369 toll free to schedule a free initial consultation.
Get Relief From Mortgage Debt
Filing bankruptcy initiates the automatic stay, which prohibits creditors from pursuing debt collections, including foreclosure proceedings. For many people, this break allows them to catch up on mortgage payments. In addition, because many debts are discharged in bankruptcy, homeowners often have more funds available to make their house payments.
People often choose Chapter 13 to prevent foreclosure. Your mortgage payment will be consolidated with other secured debts and lowered during the three- or five-year plan. With the lower payment and time to get caught up, many people are able to save their homes.
Chapter 7 bankruptcy allows you to discharge secured and unsecured debts. However, if you want to discharge a secured debt such as a mortgage, you must return the collateral (home) to the creditor. You may keep your home if you can continue making the mortgage payments.
Contact A Mustang Home Foreclosure Attorney
Schedule a free initial consultation with an experienced Oklahoma City foreclosure defense attorney. Call 405-926-3369 toll free, or email me. Spanish language interpretation is available by request. For your convenience, evening, weekend and offsite appointments are welcome.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.