If you are facing foreclosure in Buffalo, you are probably not only worried about your future, but also the future of your family. You will need the assistance of an experienced foreclosure defense attorney to evaluate your best course of action to keep your home. Here is some important information to know about foreclosure defense.
Foreclosure Defense | What is a Foreclosure?
A Foreclosure is a legal procedure initiated by your lender to have your property auctioned. This is ordinarily done by your lender when you fall behind in your monthly payments, property taxes, homeowners’ insurance, or allow the property to fall in substantial disrepair. A Chapter 13 Bankruptcy will give you the opportunity to bring current your arrears over a period of three to five years.
Foreclosure Defense | How Bankruptcy Can Help with Foreclosure
If you’re facing financial hardship, and your lender is foreclosing on your property, bankruptcy may be your best solution. When you declare bankruptcy, the court orders an automatic stay that stops all collection activities from creditors. As a result, you may be given the opportunity to bring your arrears current over a period of up to five years. Contact our experienced Buffalo foreclosure attorney for trustworthy guidance for all families facing foreclosure in Buffalo.
Foreclosure Defense | Chapter 13 Bankruptcy
Debtors who wish to file bankruptcy in Buffalo have a few different options. While Chapter 7 discharges your debts, Chapter 13 allows you pay back a portion of your debts over the course of three to five years. When you file a Chapter 13 or Chapter 7 Bankruptcy, an automatic stay is issued, which helps you to stabilize your financial situation. An automatic stay also helps to stop the harassing phone calls, wage deductions, vehicle repossessions and foreclosure proceedings.
Foreclosure Defense | Choosing an Attorney
If you’re facing foreclosure, you’re probably unsure of your future, and the future of your family. Allow us to help you ease this overwhelming stress. At the Law Offices of Randy H. Gugino, every day we work diligently to assist our clients in stopping foreclosure proceedings. We leverage our more than 30 years of legal experience and knowledge to help you fight the banks from taking your home. We know the economic troubles many families face, and we will be by your side during these difficult times. Our caring and understanding foreclosure attorney will assist you every step of the way through your foreclosure or bankruptcy case.
If you need legal defense against foreclosure, please contact our experienced Buffalo foreclosure attorney today to arrange a free consultation.