Foreclosure does not have to be the end of the line for you and your home. There is an option available to you that can potentially allow you to keep your home and renegotiate payments with the bank. The first step is to talk to a Foreclosure Attorney in Skokie to find out what can be done, what choices are available to you and which tactic is a valid one to use. Remember that there are no guarantees that you are going to keep your home, but you do get a fighting chance that you would otherwise not have.
You never meant to get to this point with your mortgage. In fact, you’ve tried talking to the bank but they didn’t listen, nor could you get someone to talk to you. Now your mortgage is in arrears and you’re being foreclosed on. You can stop foreclosure through a couple of different options, but they depend on which one makes the most sense for your situation. What may seem like a good idea now may only land you in bigger trouble later, so listen to your Foreclosure Attorney in Skokie has to say.
One option is to go through the government programs known as HARP and HAMP. Each of these are designed to get homeowners in foreclosure the opportunity to keep their homes. Banks now have few excuses to exclude qualified individuals from entering into either one. When a bank tells you no, you can’t get into a program, a Foreclosure Attorney in Skokie can review your paperwork and look for errors that caused you to be rejected. When HARP or HAMP are out, there is always bankruptcy, specifically Chapter 13.
Chapter 13 bankruptcy stops foreclosure temporarily, and for a long enough time that negotiations can be entered into for reasonable payments. The court monitors the negotiations and also keeps the bank from taking your home in the meantime. Here, a Foreclosure Attorney in Skokie acts on your behalf and negotiates with the bank to get you more favorable terms and helps you keep the home.
Always remember that there are no absolutes, but you can give yourself a fighting chance at keeping your home with the help of an attorney.