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Stopping Foreclosure


Experienced Rochester, New York Bankruptcy Attorney

       

For many people struggling financially in Rochester and Western New York, the possibility of losing their home through foreclosure has had a devastating impact on their life and their family's well being. Many people in this situation who have been served with foreclosure papers, still think they can work things out with the bank directly, only to find that the attorneys for the bank have scheduled a sale date.

If you are served with a package of papers that contains a notice that says:

"NOTICE YOU ARE IN DANGER OF LOSING YOUR HOME "

you need to believe what it says and act quickly to save your home. It is important to remember that even if a foreclosure case has been started, it is not too late to keep your home. The filing of a Bankruptcy petition will stop a pending foreclosure proceeding. You are given some “breathing room” to find a solution within the context of your bankruptcy case. I have helped many, many hardworking people and families over the past 20 years who have found themselves in financial trouble due to corporate downsizing, full or partial layoffs, illness, divorce or unforeseen expenses. I can help you get the financial breathing space that you may need to save your home.

 

If you are struggling with debt and would like more information on bankruptcy and how bankruptcy can stop foreclosure, I am here to help. The initial consultation is free and together we will formulate a plan to determine if bankruptcy is right for you. I offer personal attention and my rates are reasonable. Contact my office today online or by telephone at 585-546-7410 to speak with an experienced New York bankruptcy attorney. 

 

In most cases Bankruptcy WILL Stop Foreclosure

The Law Office of Ronald S. Goldman can stop a foreclosure at any time up to the moment of the foreclosure sale upon the Courthouse steps.

If you are a homeowner, I can help you file for Chapter 13 bankruptcy.  In most cases, filing for bankruptcy will stop the foreclosure process.  It will also stop any wage garnishment or collection activities that make it more difficult to pay your mortgage. In Chapter 13, your unsecured debt burden is usually reduced significantly and your repayment terms for past due mortgage payments are extended. In a situation where you are current on your mortgage payments, but face a wage garnishment or property levy, Chapter 7 bankruptcy may be your best option, allowing you to keep your home, stop the wage garnishment, and eliminate your dischargeable debts.

You Can Save Your Home

You should never think it is too late to save your home.  When you become several months behind on your mortgage payments, most lenders will no longer accept mortgage payments. Even if the lender is no longer accepting your mortgage payments, you may still be attempting to modify your mortgage loan and are actively working with your lender for a modifications.  Many people accuse lenders of lulling people into a false sense of security only to tell them days before a foreclosure sale that their modification application was denied.  You should know that once a foreclosure action has been started, unless you have an attorney defending you in the foreclosure case, the foreclosure process is still probably going forward. Filing for Chapter 13 bankruptcy stops a foreclosure action in its tracks.  Essentially, it compels your lender to accept your mortgage payments and mortgage arrears over time. In Chapter 13, the Court's expectation of you is to pay your mortgage and plan payments going forward on time and in the correct amount. By making these "post-petition" payments to your mortgage company after you file for Chapter 13 bankruptcy on time and in the correct amounts, you show your good faith to the bankruptcy court. A showing of good faith demonstrates to the Court that you deserve the protection that bankruptcy affords you and makes it more likely that the Court will confirm a reasonable payment plan that you propose.

The process of stopping foreclosure is faster, more efficient and more reasonably priced than you may think. Contact my office today to discuss your situation with an experienced, knowledgeable and dedicated bankruptcy lawyer.

The Sooner You Act To Save Your Home The Better

Many people wait too long to talk with an attorney once a foreclosure action has started.

Once the lender commences a foreclosure action, according to the documents you signed at your real estate closing, you are also responsible for their court costs, expenses and attorney's fees. Once you file for bankruptcy, these added costs stop accruing.

The sooner you speak with an experienced, knowledgeable and dedicated bankruptcy attorney, the better.  I want to help you reduce your debts, save your home, and put you on the path to financial recovery.

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Free

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(585) 546-7410

Office Location

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  • 45 Exchange Street,
  • Suite #532
  • Rochester,
  • NY 14614

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