You can save your home from foreclosure!
- After you’ve worked hard to obtain a mortgage loan, buy a house and keep up with your initial payments, the last thing you want is to lose your home because of circumstances beyond your control, such as the loss of a job or a market rate adjustment.
By hiring the Law Office of Jeff D. Hoffman, you can stop foreclosure by taking the available steps to save your home.
Contact us to schedule a free consultation.
Alameda County attorney Jeff Hoffman will help you put a stop to home foreclosure proceedings!
Every home foreclosure case is different, and there is no one-size-fits-all solution. There are several ways, however, that filing bankruptcy can stop foreclosure and save your home.
Filing bankruptcy will cancel your scheduled home foreclosure sale immediately and stop the foreclosure from moving forward while your bankruptcy case is in progress.
This feature of bankruptcy is called the “automatic stay.”
- Chapter 13 bankruptcy gives a debtor five years to pay off the debt delinquency that has accumulated on your mortgage, as long as you can also make the normal monthly mortgage payments.
- Under specific circumstances, a Chapter 13 bankruptcy plan can include loan modification, though the bankruptcy itself cannot modify your loan.
Your first mortgage is underwater if you owe more on it than your house is worth.
Junior liens (i.e., second or third mortgages) may be “stripped” if they are completely unsecured due to a mortgage senior to them being underwater.
Doing this eliminates these junior mortgage payments by reclassifying them as unsecured debt that usually receive either nothing or only pennies on the dollar from your Chapter 13 payments to the trustee.
You have options to prevent foreclosure!
We serve Alameda County, Contra Costa County and the surrounding Bay Area, including San Francisco, Marin and Sonoma counties.
Designated by Congress as a debt relief agency, we help people file for bankruptcy relief under the Bankruptcy Code.