WORRIED ABOUT LOSING YOUR HOME
TO A FORECLOSURE SALE?
Bankruptcy Protection Against Foreclosure
A foreclosure sale can be stopped by filing for bankruptcy.
A Chapter 7 Bankruptcy filing will generally stop a foreclosure sale for a short period of time, but the mortgage(s) must be brought current in a fairly short time frame or the foreclosure sale can proceed despite the bankruptcy filing or shortly after the Chapter 7 Bankruptcy case closes.
The more common bankruptcy approach to a foreclosure sale is a Chapter 13 Bankruptcy filing. The filing of a Chapter 13 bankruptcy will generally stop a foreclosure sale and the Chapter 13 Bankruptcy Plan can propose a 3 to 5 year plan to bring the mortgage(s) current. This kind of Chapter 13 Bankruptcy is often referred to as a house saver plan.
If you have received a notice of default on your home it is time to call us to discuss whether we can help you with a Chapter 13 House Saver Bankruptcy Plan.
Receiving a notice of default is a very serious
matter. Even if you think you will be able to bring your payments current, or think you have a loan modification that will save your home, you should consider seeking legal advice regarding your situation.
If a foreclosure sale date has been set you should call and speak with Attorney Steve Weinberg or Attorney Morgan Ziegler immediately to see if we can help you keep your home.
There is generally no charge for the initial consultation.
Call us if you would like to learn more about how a bankruptcy filing can help you prevent a foreclosure sale of your home.
A Note to Homeowners from the Federal Trade Commission. Please read these warnings before you pay anyone to help you avoid a foreclosure.HAMP or MAKING HOME AFFORDABLE PROGRAM
The current Federal program to help homeowners with foreclosure protection is called Making Home Affordable. This program will not stop a foreclosure sale, but it may help you with a loan modification. Here is the link to Making Home Affordable.
LOAN MODIFICATION
Here is a link to the Federal program to help avoid foreclosure.
Here is a link to the Make Home Affordable program.
Here is our handout on the steps in a loan modification.
WASHINGTON STATE FORECLOSURE MEDIATION PROGRAM
Washington State passed the Foreclosure Fairness Act in 2011 that established a Foreclosure Mediation Program. Here is a link to the the Foreclosure Mediation Program.
Here is a handout regarding the Foreclosure Mediation Program.
We are located at 1235 Fourth Avenue East, Suite 200 in Olympia, Washington 98506.
You
can reach us by telephone at (360)
943-6200.
Our fax
number is (360) 943-4827.
We are a debt relief agency.
We help people file for bankruptcy relief under the bankruptcy
code