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Act fast if behind on your mortgage but don't file bankruptcy

March 06, 2007

”If you fall behind in your mortgage payments, it's important to take action. Talk to your lender and seek a good bankruptcy attorney. ”


I recently read an article where they recommended if you got behind on your mortgage payment to contact a Bankruptcy attorney. This may be an option but it should always be a last. There are many options to get your loan current other than bankruptcy. 70% of all bankruptcies fail within the first three months… so just do the numbers. Allow us to go to your mortgage company and negotiate a settlement where you can remain in your home and make your mortgage payments again.

This entry was:
Posted By Darin at 04:58 PM
Comments (5) | Categories: Bankruptcy | Tags: act fast behind your mortgage dont file bankruptcy

Related Entries

  • I've got behind on my mortgage need help getting caught up - March 1, 2007
  • Should not file chapter 13 bankruptcy? - March 1, 2007
  • Got behind on my mortgage do a job loss - March 6, 2007
  • We have 30 days, should we file for bankruptcy? - March 21, 2007
 

Comments

question- I HAVE 10 DAYS BEFORE MY MORTGAGE CO. THE SALE DATE OF MY HOME. WANT TO SAVE HOME WHAT CAN BE DONE? ALSO,I'M WORKING WITH A CO.( HELPING ME ) BUT, THEY DON'T GIVE ME INFO. LIKE YOUR CO. DOES WHAT CAN I DO. HOUSE & TIME NOT ON MY SIDE.
Posted By larry on March 11, 2007 at 03:28 AM
I am in a chapter 13 bankruptcy, i worked out a plan with the mortgage company a few years back, but ended up losing my job, so i added the mortgage arrears to the chapter 13. that saved the house then, but now I am behind again due to a loss of a 2nd income...what can i do now to save my home. can you help?
Posted By nichele on May 10, 2007 at 05:37 PM
If you can't afford your payments there unfortunately is not much we can do. For us to get you a workout approved with your mortgage company we need to prove that you can afford it.

You may need to look at selling the home to avoid foreclosure.

This is a good place to start to figure out where to go for http://www.afscanhelp.com/foreclosure-help.cfm foreclosure help.
Posted By Darin on May 10, 2007 at 10:03 PM
I had 2 surgeries last year which got my husband behind on all of our bills due to time away from work and huge medical expenses. My medical conditions are over but now we can't seem to get caught up we are 3 pamts behind and my mortgage company isn't helping at all and are threatening foreclosure. I tried to get a forebearance agreement but they wouldn't even discuss it because we aren't in foreclosure yet. I have a retiremt plan i am cashing in but it will take my 60 days (state ret.) to get the check. and i would be able to catch it up. how do i keep them from foreclosing, they won't even accept my making just one payment at a time that want a lump sum. please hel-p.
Posted By amanda edwards on June 21, 2007 at 04:46 PM
We can get your mortgage current by negotiating a repayment plan for you. Please contact us to discuss your case and your situation.
Posted By Darin on June 21, 2007 at 05:29 PM

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IMPORTANT NOTICE: American Foreclosure Specialists (AFS) and our services are not approved by the government or your lender. www.afscanhelp.com is not associated with the government, nor is it a government sponsored website. To access information on government sponsored assistance, please visit makinghomeaffordable.gov. You need to know that even if you accept our offer and use our service, your lender may not agree to change your loan. Also, if you stop paying your mortgage, you could lose your home and damage your credit rating. Work Out and Loan Modification Plans vary and are dependent upon mortgage company criteria and financial information gathered as part of the efforts AFS provides. The information and notices contained on this website are intended as general research and information and are expressly not intended, and should not be regarded, as financial or legal advice. We attempt to ensure that the material contained on the website is accurate and complete at the date first published, however you should recognize that information contained on this website may become out of date over time. Readers who have particular questions regarding real estate law, finance, or who believe they require legal counsel, should seek the advice of a financial advisor or an attorney. AFS is neither a bank nor an attorney company. By submitting this contact request, you are consenting to be contacted by foreclosure specialists by telephone and/or email, even if you have previously listed yourself on any state or federal Do-Not-Call List.