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Stop Home Foreclosure OptionNew Haven Connecticut Foreclosure Law AttorneyIf your mortgage company is threatening to foreclose on your home or if it has already begun the process, you still have many options. There are non-bankruptcy options available, including short sales, forbearance agreements, refinancing, and other workout choices. Even if there is a foreclosure auction sale scheduled, it may not be too late to save your home and stop the foreclosure process. At Lenz Law Firm, LLC, we will try to save your house from foreclosure proceedings, help you file for bankruptcy, and help you start anew on your finances. Are you concerned that a default on your mortgage will result in foreclosure? Are you interested in speaking with a foreclosure attorney to learn about your options? Please contact Ken Lenz today to arrange your consultation at 203- 891-9800. When you choose our firm, most of your interactions will be directly with your attorney. Chapter 13 bankruptcy and foreclosureFor many homeowners who have fallen behind on mortgage payments, Chapter 13 bankruptcy is a viable option. Filing for chapter 13 bankruptcy provides families and individuals the best opportunity to repay debt within a three to five year time frame. This reorganization of debt gives homeowners the opportunity to get current on their mortgage payments. In some situations, refinancing may be an option while in Chapter 13. A bankruptcy filing triggers an automatic stay, which prevents a mortgage lender from proceeding with foreclosure and other collections attempts. It may not be too late save your home, even if a foreclosure auction has recently taken place. Stop Foreclosures Options1. Negotiating a forbearance agreement – I can work with your lender to put you on a plan that will allow you to pay back the mortgage arrearage over a one year term. Forbearance usually requires 50% to be paid up front. 2. Connecticut Laws – A Connecticut Law called the Homeowner Protection Act can be used to protect unemployed or underemployed residents from loss of their home. It must be applied for at the outset of a foreclosure. Additionally, our firm has many years of experience negotiating short sales. Short sales are necessary when a homeowner wants to sell his home, but owes more in mortgage debt than the home is worth. We can assist in negotiating with your mortgage company to allow the sale. In these situations, our firm may be able to help you obtain a waiver on the balance due. We can help you find the professional solution to your serious problem, help you take control of your finances and get a fresh start. Contact our firm today to arrange your consultation. OFFICE LOCATION
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