If you have not paid your mortgage for a long time and you are facing foreclosure, the best thing to do so that you can save your home is file for bankruptcy. It could be that you do not have enough money after settling all the bills, and therefore you need extra income to meet all your needs. Again, there might be nothing to save out of the money you make thanks to the high cost of living and so the lender begins the process of closing your house. Foreclosure in Casa Grande, AZ will not be an issue if you follow the steps below.
A Chapter 13 bankruptcy can help
Most people do whatever is in their reach to keep their homes. If you are that person, then you need to file chapter 13 bankruptcy. This is where you get to pay the late payments for a period of five years and as you are paying the arrears, you will still need to pay for your current mortgage. An automatic stay is an order that is given by the court as soon as you file for bankruptcy, and it bars the lenders from closing up your house. This order is advantageous since it gives you enough time to put yourself together before you start paying off what you owe. The stay order will give you the much-needed peace of mind while at the same time save your home.
When should you hire an attorney?
If you think that filing for bankruptcy will not save your home, then it would wise to look at the many non-bankruptcy options. You may still keep your home without filing of a bankruptcy; this is the main reason you should look for a bankruptcy attorney who will help you explore all the other options before rushing to court where justice could take long before it can be served.
Foreclosure in Casa Grande, AZ should not bother you at all. Visit the site to find attorneys who are experienced in bankruptcy cases.