How Bankruptcy Can Help with Foreclosure
If you’re facing foreclosure, you’re probably worrying about your future, and the future of your family. Allow us to help you ease this overwhelming stress. There are many different ways how bankruptcy can help with foreclosure.
At the Law Offices of Randy H. Gugino, every day we work diligently to assist our clients in stopping foreclosure proceedings. We leverage our more than 30 years of legal experience and knowledge to help you fight the banks from taking your home. We know the economic troubles many families face. We will be by your side during these difficult times. Our caring and understanding foreclosure attorney will assist you every step of the way through your foreclosure or bankruptcy case.
What is a Foreclosure?
A Foreclosure is a legal procedure initiated by your lender to have your property auctioned. This is ordinarily done by your lender when you fall behind in your monthly payments, property taxes, homeowners’ insurance, or allow the property to fall in substantial disrepair.
A Chapter 13 Bankruptcy will give you the opportunity to bring current your arrears over a period of three to five years.
How Bankruptcy Can Help With Foreclosure
If you’re facing financial hardship, and your lender is foreclosing on your property, bankruptcy may be your best solution. When you declare bankruptcy, the court orders an automatic stay that stops all collection activities from creditors. As a result, you may be given the opportunity to bring your arrears current over a period of up to five years.
Contact Our Office Today
Contact our experienced Buffalo foreclosure attorney for trustworthy guidance for all families facing foreclosure in Buffalo. With the skilled counseling of award winning foreclosure attorney Randy H. Gugino, together we can develop a plan to bring your mortgage arrears current, and at the same time maintain a quality standard of living.
