What Are My Options for Avoiding Foreclosure?

Posted By Michigan Bankruptcy Attorney || 12-Mar-2014

Being faced with the potential loss of your home is one of the most frightening situations any homeowner can experience. You could have been making timely payments for years but now, due to unforeseen circumstances, you have suddenly found yourself unable to pay on time, or even make payments at all. Your financial troubles may have started as a result of a divorce, a costly medical procedure or serious health issue, the loss of your job or any other life-changing circumstances.

Mortgage companies and lenders do not care why you aren't able to keep up with your mortgage payments, they simply want the money you agreed to pay them and they want it on time. At Hensel Law Office, PLLC, our attorney is compassionate to this unfortunate situation. We do not judge our clients. We listen to their concerns and work with them closely to help them attain a positive resolution to their individual cases. We have helped countless individuals attain true debt relief and we are here to help you as well.

By hiring a Michigan bankruptcy attorney from our firm, you will dramatically improve your chances of retaining possession of your home and avoiding foreclosure. One of the most common defense strategies we use to help clients avoid foreclosure involves having them file for bankruptcy protection. As soon as you file for bankruptcy, an automatic stay will go into effect to prevent creditors from pursuing any further legal action against you without explicit authorization from the bankruptcy court. This means that filing for bankruptcy will stop an impending foreclosure for a period of time.

Obtaining a loan modification is another effective way to resolve the threat of foreclosure, and our firm can help you negotiate fair and reasonable terms with your lender. If your situation requires a court appearance, we will be ready to aggressively advocate on your behalf and do everything we can to help you retain possession of your home. The longer you wait to take action in your defense, the less chance you will have to avoid foreclosure. Our firm is ready to fight for you. If you want to get started on your foreclosure defense, call our firm so that we can review your financial situation and help you determine how to proceed.

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