Tag Archives: lawyer referral service

Can filing bankruptcy help me avoid losing my home?

It is usually the last resort, but filing a Chapter 13 or Chapter 7 bankruptcy can allow you to possibly keep your home. Continue reading

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Can mediation help me avoid foreclosure on my home?

One of the best ways to get the lender to come to the table and start talking with you again is to request court mediation. Continue reading

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I’ve heard about HAMP. Can it help me keep my home?

The Home Affordable Modification Program (HAMP) is a federal program that offers loan modifications that can lower your interest rate, lower your payments, and help you keep your home and avoid foreclosure. Continue reading

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I have not made a mortgage payment in over 120 days, am I eligible to have a short sale?

A Short Sale is when you have found a buyer for your home, but the price is not enough to pay off the lender and all other creditors/lienholders on the title. Continue reading

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I have not made a mortgage payment in over 120 days, am I eligible for a deed in lieu?

A Deed in Lieu is when you decide NOT to keep the house and the lender has agreed to accept it back from you as full payment on the loan. Continue reading

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I have not made a mortgage payment in over 120 days, am I eligible for a forebearance agreement?

With a Forbearance Agreement, the foreclosure case is NOT dismissed. Rather, the lender and you sign off that the case will not be moved forward to foreclosure if you make payments on time, pay down the back payments, and start making the future monthly payments on time. Continue reading

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I have not made a mortgage payment in 120 days, am I eligible for the reinstatement plan?

In a Reinstatement Plan, the foreclosure case is dismissed and you borrow the money to make up the back payments completely and have the income to make the future payments going forward. Continue reading

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I have not made mortgage payments for over 120 days, am I eligible for the payment plan option?

With a payment plan, you and the lender agree that you will keep making your monthly payments going forward, but you also agree that you can afford to make additional payments each month toward your back payments and get caught up in an agreed-upon time frame. Continue reading

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My mortgage lender is filing foreclosure because I am behind 90-120 days. What are my options?

Your options at this point are still numerous. However, be aware that as your case progresses through the legal system you start to have fewer and fewer options until finally you have none. Continue reading

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What is debt management?

In a debt management program, you are paying the company a monthly debt management payment for a period of usually 3 to 6 years that they will apply to a monthly payment to each credit card in the program until the debt has been paid. Continue reading

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