Can Bankruptcy Save Your House? Massachusetts Foreclosure Defense Lawyer
If you are behind on mortgage payments and facing foreclosure, filing for bankruptcy may be the only way to prevent the lender from taking your house. Bankruptcy can buy valuable time to catch up on arrears or work out a solution.
If the bank or mortgage company is threatening to foreclose — or even if you have already received a notice of foreclosure — contact Munroe P.C. today. Our lawyer can intervene to stop foreclosure proceedings and then help you explore your options to save your home or cut your losses. With offices in Amesbury and Hudson, we represent homeowners in Newburyport, Haverhill and the Merrimack Valley, as well as the Metro West region of Massachusetts. Arrange a consultation today.
Stop Home Foreclosure and Find a Mortgage Solution
If you are current on your mortgage but buried in debt, Chapter 7 bankruptcy can give you the financial breathing room to afford your house for the foreseeable future.
Filing for Chapter 7 will stop the foreclosure process, at least temporarily. In those precious months, you can stay in your home while you pursue a mortgage modification or loan workout. Another option may be a short sale to walk away from the house owing little or nothing to the lender.
If you are severely behind on the mortgage, Chapter 13 bankruptcy can prevent or halt foreclosure proceedings. As long as you can keep current with the house payments, the mortgage arrears can be paid off over time. Chapter 13 can possibly eliminate a second mortgage if you owe more than the home is currently worth.
Experience Counts in Bankruptcy and Foreclosure
Until recently, unscrupulous attorneys were taking big up-front fees for loan modifications or workouts without providing any actual mortgage or foreclosure relief to the homeowner. Under a general directive of the Massachusetts Attorney General, lawyers can no longer accept legal fees in advance of a foreclosure workout unless the negotiations are connected to a bankruptcy filing. Some law firms are violating that directive, but we are not that kind of firm. We act only in your best interests.
The big bankruptcy firms often hand the work off to paralegals and inexperienced associates who may not perform the due diligence. Kristofer Munroe personally meets with and personally prepares your bankruptcy petition. He runs the financial analysis to make sure that keeping your home is financially feasible, rather than simply postponing a foreclosure and throwing money down the mortgage drain.
If you are on the brink of foreclosure from job loss, divorce or whatever circumstances, we are here to help. If bankruptcy is not the answer, we will steer you to someone who can help. If you need to file bankruptcy to save your home, we will act only in your best interests.
Call us at (978) 388-3350 or contact us online to schedule your free consultation, at our offices or a convenient off-site location, including evening hours by appointment.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
The law firm of Munroe P.C. is located in Amesbury, Massachusetts, with an office in Hudson, serving clients of Merrimack Valley, the North Shore and the Metro West area, including Haverhill, Lawrence, Salisbury, Bradford, Georgetown, Lawrence, Methuen, Salem, Marlborough, Stow, Shrewsbury, Sudbury, Maynard, Southborough, Westborough, Berlin and surrounding communities of Essex County, Middlesex County and Worcester County