Using Bankruptcy as a form of Foreclosure Defense:
Bankruptcy court is also an option and that takes place in a Federal non-district Court.
There has been an increase in the amount of bankruptcy courts who have gone against the grain and ruled against banks, and many homeowners have been able to save their homes this way.
Generally speaking though, bankruptcy is used as more of a "last resort" if all circuit court and Federal District Court defense options have been exhausted. It can even be filed as little as 24 hours before the sale.
An experienced bankruptcy attorney should be acquired in order to ensure the bankruptcy schedules are prepared properly. It is very important to demonstrate that the mortgage loan is both disputed and unsecured in order to adequately challenge the debt.
You need to to make sure your bankruptcy attorney realizes that you wish to use this approach so they can mark the papers accordingly in order to reduce the amount of work the bankruptcy court will need to accommodate.
Another thing to consider when using bankruptcy as an alternative to foreclosure is the fact that bankruptcy cases tend to move through the courts fairly quickly as opposed to other courts. As a result, you may have to move quickly in order to secure the funds for your bankruptcy attorney to proceed with your defense.
WHY SHOULD I CHOOSE FERNANDEZ LAW GROUP FOR MY FORECLOSURE DEFENSE?
The cost of foreclosure defense with our firm is affordable even for homeowners in the worst economic position, and a much more affordable option then being foreclosed upon and leaving the home. This is why we strongly suggest seeking the advice of the Fernandez Law Group. We will assist you in preserving all of the legal options available to you through the judicial process of foreclosure, and fight to keep you in your home.
Each individual case is researched and analyzed to structure defense strategies to place you in a better position to remain in your home and/or enable you to have enough time to mitigate your situation through negotiations of possible Loan Modifications Programs, Short Sale, Bankruptcy, Deed in Lieu, Repayment Plans, and every other option you may not be aware of at this time.
At Fernandez Law Group, we analyze each client's particular case to develop a customized plan to defend the foreclosure proceedings. Our qualified attorneys will work directly with each lender to create options for homeowners who are or have fallen behind on their mortgage obligations.
GET HELP NOW!
Call or Text us today at 813-489-3222 for a FREE consultation.
Additional Foreclosure Defense Information:
Additional information about Loan Modifications:
Additional information on Short Sales:
Content authored by Gaston Fernandez
Our Tampa Attorneys are ready to provide you with a detailed consultation for FREE!
GET HELP NOW!
Call or Text us today at 813-489-3222 for a FREE consultation and case evaluation.