Stop Home Foreclosure

Stop a Home Foreclosure — It is Not Too Late

A client came to me late one afternoon in 2004. His house was scheduled to go up for auction at 10:00 a.m. the next morning. Of course, he was in a state of panic. I drafted a skeletal petition, a two-page document, for an emergency bankruptcy filing. I drove it to the Bankruptcy Court in Boston and hand delivered it 15 minutes before the office closed. Then I made the phone call to the bank: “Your auction is cancelled,” I told them.

I am attorney Victor Denaro, and I help clients save their homes from foreclosure, no matter how imminent the end seems to be. Victor A. Denaro & Associates serves individuals in Framingham, Marlborough and surrounding Massachusetts communities who are dealing with an impending foreclosure.

If you are afraid you might lose your home because you have fallen behind on payments, contact me to find out what options are available to you to stop foreclosure. You can call me at (508) 620-5320.

How Bankruptcy Can Make Your Mortgage Affordable Again

Some people assume that filing for bankruptcy will cause them to lose their house. Generally, the opposite is true. The two forms of bankruptcy can help in different ways.

A Chapter 7 bankruptcy eliminates unsecured debt like credit card or medical bills. However, you may find that without those unsecured debts hanging over your head, you are in a much better position to make your house payments. If you cannot afford your house payments because of other crushing debts, Chapter 7 might be the solution for you.

A Chapter 13 bankruptcy can help you catch up on payments that you have missed due to a period of unemployment or disability. If you are employed now and able to make your house payments, but do not have the resources to pay off your delinquent debt, Chapter 13 might be the solution for you. Even if you have already received a foreclosure notice, this option can often be used bring you out of foreclosure with a reasonable payment plan for your missed payments.

While each type of bankruptcy offers a unique solution for making your house payments, they have one thing in common. Either type of bankruptcy will put an automatic stop to a foreclosure sale. At a minimum, it gives you a chance to put together a plan to save your home. This is part of the automatic stay protection provided by section 362(a) of the Bankruptcy Code.

Get Solutions You Can Trust

Contact me for a free consultation and find out if a Chapter 7 or Chapter 13 bankruptcy is the right solution for you. Call (508) 620-5320. As a knowledgeable bankruptcy lawyer, I can help you explore options that will help make your house affordable again and help you stop foreclosure.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.