Salinas and Monterey Foreclosure Prevention Attorney
Are you behind on your mortgage payments? Perhaps you have tried to qualify for a loan modification and then were denied causing you to fall behind on payments. If you are in fear of losing your home to foreclosure filing bankruptcy can help. Once a bankruptcy petition is filed the “automatic stay” goes into effect. The stay requires that all your creditors immediately stop collections efforts including foreclosure proceedings.
Chapter 7 Bankruptcy will postpone a foreclosure sale for up to 4 months and sometimes longer. Chapter 13 Bankruptcy allows a person to get caught up on their mortgage payments over a period of 3-5 years possibility allowing you to keep your home.