Exercise your rights under the law.
We help Minnesota families put a stop to foreclosure proceedings in order to prevent the loss of their homes or buy valuable time when keeping the home is not a good option. Whatever your situation, we can help chart your path forward. In fact, we use the bankruptcy system and non-bankruptcy solutions alike to help our clients keep their homes and get debt relief at the same time.
Understand your options.
Home foreclosure proceedings can be triggered by any number of events, from unemployment, illness and divorce, to decreasing home values and second mortgages. Every situation is unique. That’s why, when you come to our firm for a free consultation, we’ll sit down with you and quickly assess your situation, help you identify goals, and explain your options for achieving them.
For example, if you’re current on your mortgage payments or can come up with the money needed to make up for the payments that you’ve missed, Chapter 7 bankruptcy is an option worth considering. Chapter 13, by contract, is usually the best option for keeping a home because missing mortgage payments can be included in a three-to-five-year repayment plan.
In some cases, it might make more sense to walk away from the home. Arranging a short sale will make sense in some circumstances, or a deed in lieu of foreclosure may allow you to walk away with some money in your pocket.
If you have questions about keeping your home in bankruptcy or you need immediate legal help to stop a foreclosure, take advantage of our experience. Call us at 651-633-2757 or contact us online for a free consultation.
ForeclosureThe stress of foreclosure is bad enough, but the complexity of the process only makes things worse. If you’re facing this threat, we can help you understand your options.