Detroit, Michigan, Lawyers Handling Foreclosure and Short Sale Cases
Foreclosure is currently at the forefront of many people's minds. While most people facing foreclosure wish to keep their home, there are others who are willing to take the loss and move forward. Whatever your circumstances, the law firm of Charles J. Schneider, P.C., in Livonia, Michigan, can help.
Our attorneys have worked with individuals and families facing financial crises for more than 30 years. We understand that times are tough and offer a free initial consultation to discuss your debt relief and foreclosure options. Contact us at 734-237-1523 to schedule an appointment.
Stopping Foreclosure — Saving Your Home
Falling behind on your mortgage payments could ultimately lead your mortgage lender to initiate foreclosure proceedings. If you want to prevent losing your home, filing for Chapter 13 bankruptcy may be your best option.
As soon as a bankruptcy case is filed, the bankruptcy court will issue an order that prohibits your mortgage lender from following through with its foreclosure or short sale. While this order is meant to take effect immediately, it sometimes takes up to two weeks for notice to reach your lender. Our firm will expedite this process by sending notice to your mortgage lender as soon as your bankruptcy case is filed.
How Can Filing For Chapter 13 Bankruptcy Help?
Only Chapter 13 bankruptcy provides you with the opportunity to compel your mortgage company to accept a repayment plan. The repayment plan includes making the current monthly mortgage payment and providing a cure for delinquent debt (mortgage arrears) over a reasonable period of time. Payment is made to the bankruptcy trustee and he or she makes your mortgage payments for you.
Walking Away From It All
If you are facing foreclosure and decide to simply let your house go, it is extremely important to make certain your rights are protected and any outstanding legal matters are properly handled. Our experienced and highly skilled lawyers fully understand the ramifications of foreclosure and will take the time to explain how it may affect your situation.
Contact the Law Firm of Charles J. Schneider, P.C.
If you have questions regarding foreclosure or short sales, contact our office at 734-237-1523 to schedule a free initial consultation. We will listen to your situation and provide you with options in line with your goals.
