I have been involved in conversataions with several attorneys in the past months , both Bankruptcy attorneys and Mortgage Defense attorneys. there is a big misconception out there .
when you get behind on your mortgage , you get many solicitations .
Many people are being told to file bankruptcy to avoid foreclosure.
If you have many bills such as credit cards and personal loans that
if eliminated would enable you to pay your mortgage , then Bankruptcy may be an option .
what they don't tell you is that
you can chose to protect your home in a bankruptcy , However you must make regular payments again and arrange to catch up on the back payments and interest . this usually leads to higher payments than when you started . if you fail to make the payments as agreed to by the court , the foreclosure prodedure continues . Then you get a Bankruptcty AND a foreclosure.
Their are also Mortgage Defense Attorneys . Their specialty is to protect you while you re-group your finances in order to try to catch up the mortgage or buy you time if there was a legitimate dispute
of past payments or to buy you time to negotiate a sale of your home
and avoid foreclosure . Perhaps a combination of these services is needed , or perhaps just one or the other . Depending on what you want to accomplish , you should ask questions of Attorneys , Realtors
and other Professionals and make a plan for the future.
visit www.FreeForeclosure411.net
or call Larry Damiano for more information
239-353-4696 x 105