What You Need To Know About Foreclosure
If you have been unable to keep up with your mortgage payments and all of your other bills, you are not alone. I am attorney Randall Steele and at Steele Law Offices, LLC, in Glen Carbon, Illinois, I provide experienced, knowledgeable guidance on how to save your home from foreclosure while you regain your financial footing.
Saving a home from being foreclosed on is more common in Chapter 13 bankruptcy, but it can be accomplished in Chapter 7 bankruptcy as well. I have helped many people over the course of the past 30 years remove the threat of losing their home through bankruptcy proceedings.
The important thing to realize in Chapter 7 bankruptcies is that the effect of preventing a foreclosure is only temporary. In most federal district courts, the delay of foreclosure proceedings obtained through Chapter 7 consists of only about two to six months. To avoid the foreclosure process being started all over again after filing Chapter 7, any past due mortgage payments must be paid soon after filing the case in bankruptcy court. That is why it is crucial that anyone who considers filing for Chapter 7 bankruptcy makes sure he or she can afford the mortgage once it has been discharged.There may be extenuating circumstances in your case, such a divorce, loss of job or illness. I can work with you to create a strategy to protect your future. We can also talk about bankruptcy and wills and estate planning.
Get Knowledgeable Guidance From A Mortgage Debt Attorney
Financial troubles can cause a great deal of stress in your lift. It’s often helpful to have an experienced and compassionate advocate who can analyze your overall situation and provide honest, practical advice on the best steps to take next. For three decades I have helped people figure out the next best step and get back on their financial feet.
I provide legal counsel on:
- What to expect from the foreclosure process, including what papers need to be filed and the best approach to the court-sponsored mandatory mediation program.
- Determining which type of bankruptcy is most appropriate for you. This requires an involved investigation into your financial affairs, including your income (now and over the last several years), the members of your household and the property you own now and have owned over the last 10 years. Newer bankruptcy laws have made this even more complicated. It is important to be represented by a lawyer who works on bankruptcy cases regularly.
The best way to move forward is to be informed of all of your options and the personal ramifications of those choices.
Get The Information And Advocacy You Need Today
If you would like to speak with an experienced foreclosure attorney about what steps you can take to keep your family in your home, call 618-288-9591 or email me to schedule a consultation. I help people in Glen Carbon and the surrounding communities.
I am a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.