FORECLOSURE
Cindee Dale Holmes Law Office | Foreclosure
Foreclosure is a process that begins when a borrower fails to make their mortgage payments.
When a home is foreclosed upon, the lender typically repossesses and attempts to sell the house.
This happens because mortgage loans are secured by real estate, meaning your home is used as collateral.
Which Bankruptcy Chapter Stops Foreclosure?
Chapters 7 and 13 will stop a foreclosure and can be helpful depending on your needs. However, the benefits you'll receive will differ significantly.
Chapter 7 can delay foreclosure temporarily, but nothing more. If you want to delay foreclosure by a few months but are willing to let go of your home, filing for Chapter 7 will be an option.
Chapter 13 can save your home from foreclosure. If you want to keep your home, consider filing for Chapter 13. People who can afford a hefty monthly Chapter 13 payment can catch up on late payments and keep their homes.
As soon as you file for bankruptcy, the court issues an "automatic stay" order stopping the foreclosure process.
Ready to Defend Your Home?
At Cindee Dale Holmes Law Firm, we have successfully helped numerous clients in Birmingham, Alabama, and surrounding areas, navigate the complexities of foreclosure. Don't let foreclosure rob you of your home and peace of mind. We're skilled in utilizing the available legal options to protect your property rights and find solutions that suit your unique situation.
You deserve expert representation who understands local foreclosure laws and cares about your home as much as you do. Whether it's negotiation, loan modification, or legal defense, our team is ready to stand with you against foreclosure.
🔸 Don't wait until it's too late – safeguard your home and your future. 🔸