Work With an Attorney to Save Your Home
With the economy getting worse almost every day, it is getting more and more difficult to keep up with mortgage payments. Once you start to fall behind, it can be difficult to get back on track, and many people are already several months behind on their payments before they contact a lawyer.
Working with a legal professional can help stop repossession or foreclosure on your home. I am attorney Chad Schaff, and I work with clients throughout Southwest Washington and the Portland Metro Area to help clients keep their home by taking legal action. Contact me online or call 360-326-4634 to schedule your appointment.
What Are the Options Available?
If creditors are coming after you with threats of foreclosure, you may be uncertain about what rights you have and the options that are available. You need to decide whether you want to stay in your house, and what you can do to make as much money as possible if you decided to leave.
The first big decision you will need to make is whether you want to file bankruptcy to stop foreclosure, or cut your losses and move on. I work closely with clients to help them understand the benefits of each and the time line and deadlines for each.
Should I Seek a Loan Modification?
Many people who are facing repossession or foreclosure look at a loan modification as a possible solution to their problem. Deciding whether a loan modification is right for you can be a balancing act. You do not know how quickly the bank is going to act or how a modification will impact other parts of your life. For example, if you are moving into a rental property, there are some properties that want it done ahead of time and others where it is better to wait.
In many situations, clients need not only legal counseling, but also a wake-up call about their budget. I take the time to explain the situation, and I give you time to think about it. If you are interested in working with an attorney who can help you stop repossession or foreclosure, contact me online or call 360-326-4634 to schedule an appointment.