Stop Foreclosure

Foreclosure may be scary, but you have options.

No one wants to think about the possibility of losing their home. If you’re experiencing financial difficulties, the bank may have no choice but to cancel your loan and claim your home.

What Happens When You Can't Pay Your Mortgage?

Many individuals and families struggle to pay for their home. Financial struggles can often be a byproduct of some other life-changing issue such as divorce, layoffs, medical issues, excessive debt, or maintenance issues that are too expensive for homeowners. When mortgage payments are missed, often banks or mortgage servicers begin the foreclosure process.

When you’re facing foreclosure, most people feel like they’re up against an unstoppable force.
This isn’t necessarily the case. Sometimes banks will do what they can to work with you to get your mortgage paid and keep you in your home, if they don’t you should contact us. The attorneys at T&W have been stopping foreclosure sales for years and are experts at using the bankruptcy code to protect the rights of homeowners.

Are You In Pre-Foreclosure?

Pre-foreclosure is a confusing time. You will be presented with a variety of confusing and/or expensive options. Call us to see if bankruptcy would offer a better solution for you, your family, and your home.

What's one of the questions you should ask your attorney?

Does it makes sense to save your house, even after bankruptcy?

How filing for bankruptcy can stop foreclosure

When you file bankruptcy the automatic stay (link) will stop the foreclosure from proceeding.

Both Chapter 7 and Chapter 13 bankruptcies can stop the foreclosure process but only Chapter 13 provides you with the opportunity to repay the amount you are behind on your mortgage at 0% interest over the next 3 to 5 years while you retain possession of your home.

A Chapter 13 bankruptcy allows you to force the lender into a repayment plan that you control. At the end of your Chapter 13 repayment plan, when all necessary payments have been made, your mortgage will no longer be in default and your mortgage will be in good standing.

Toscano & Wilson can help

Your home is likely to be the biggest asset you own. If you are having trouble keeping up with your mortgage payments, you run the risk of defaulting on your loan and having your home foreclosed by the bank. Losing your home is a scary proposition as it means uncertainty and potentially uprooting your family. If your home is in danger T&W may be able to help. Contact us so that we can analyze your unique situation with you.

Contact Us

The legal experts at Toscano & Wilson understand what you are going through. Bankruptcy may seem like the end, but the truth is it is simply a new beginning. Through competent and compassionate legal representation with Toscano & Wilson, things can only get better. Give us a call, tell us your story, and start to feel better about your financial situation.

  • The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, messages, and emails. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until an attorney-client relationship has been established.

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