Home foreclosure attorney indianapolis
Avoid Home Foreclosure
As a result of predatory lending practices and the economic recession, many good people like yourself are currently at risk of a home foreclosure. According to a March 2009 article in U.S. News and World Report
"Annualizing the first two months of this year, if foreclosures were to continue unabated, I could end up with another about 1.2 million homes back in lenders' hands by year-end."
If you are at risk of losing your home to foreclosure, protect your rights. Be pro-active and take immediate action to avoid foreclosure. The worst thing you can do is put your head in the sand and hope that things will simply get better. Let an experienced bankruptcy attorney at the law office of Boruta help.
If Your Home is at Risk
Even if you are significantly late on your home mortgage payment, I may be able to help you avoid home foreclosure and a sheriff's sale. I have handled thousands of bankruptcy cases, so I know how the system works.
As long as you have a job or income that will allow you to pay your current bill, a Chapter 13 bankruptcy can help you avoid home foreclosure.
How Does it Work?
If retained to handle your case, I can file for Chapter 13 bankruptcy on your behalf. I will handle your case from beginning to end.
I will propose a three to five year payment plan that allows you to pay your mortgage arrears over time. You will have one payment to the court. That payment will include your regular mortgage payment plus the arrearage, spread out over three to five years. In addition, I may be able to negotiate with your lender to determine if a home loan modification is a possible solution that will provide the relief you need.
Second Mortgages or Home Equity Loans
In a Chapter 13 bankruptcy, if the current value of your house is equal to the or less than what you owe on the first (primary) mortgage, your second mortgages or home equity loans can be stripped in a Chapter 13 bankruptcy.