We understand that the threat of foreclosure is very difficult to handle. Norman E. Rouse, Esq. and Collins, Webster & Rouse, P.C. can help you with a pending foreclosure on your home. Our attorneys are sensitive to the emotional strain caused by financial worries, especially if you are concerned about losing your home. Bankruptcy assistance and advice in Joplin is only one way we help homeowners find a way to deal with their situation.
In addition to addressing the foreclosure itself, it is important to determine whether the original loan was made following proper procedures. We can check your documents and the county records to make sure they comply with Missouri law. If there are errors, there are many remedies available for home loans that were made improperly.
Even absent any compliance issues, our attorneys can advise you on an array of strategies for fighting foreclosure, including:
- Negotiating a workout with your lender
- Seeking a mortgage modification or principal write-down
- Catching up on arrears and reinstating your mortgage
- Arranging for a short sale or deed in lieu of foreclosure
- Filing for bankruptcy
Our attorneys will thoroughly discuss these options with you so that you can select the best course of action to resolve your situation.
Bankruptcy Advice in Joplin
If a bankruptcy filing is pursued, it has the benefit of immediately stopping the foreclosure process. This automatic stay applies for both Chapter 7 bankruptcy and Chapter 13 bankruptcy in Joplin.
In a Chapter 7 bankruptcy in Joplin, other debts may be discharged thereby permitting you to continue to make mortgage payments after the bankruptcy. By comparison, if you file for Chapter 13 in Joplin, you may be able to get a repayment plan that includes a way for you to catch up on your mortgage payments, enabling you to save your home from foreclosure. And in some cases, you may even be able to have a second mortgage or lien stripped from the obligations on your home.
In other words, regardless of whether you use Chapter 7 or Chapter 13 bankruptcy protection, you may be able to keep your home at the end of the bankruptcy proceeding. We suggest that you obtain bankruptcy advice in our Joplin office to decide the best method of handling a pending foreclosure.
Contact Us to Learn How to Save Your Home from Foreclosure
If you’re facing foreclosure, Norman E. Rouse, Esq. and Collins, Webster & Rouse, P.C. can answer your questions about how to halt the foreclosure process, what the best options are for fighting foreclosure, and whether bankruptcy protection is right for you. Call us for a free consultation at 417.782.2222, or send an email to [email protected]