If your home is in foreclosure, then you may need to consider filing for Bankruptcy Protection. In most situations filing for Bankruptcy Protection will immediately stop foreclosure. Bankruptcy can also help you catch up on past due payments by spreading out the past due payments over a three (3) to five (5) year period. For example, if you were behind in your mortgage payments by $5,000.00 you would be able to catch up on that amount by paying as little as $83.34 per month. During this three (3) to five (5) year period, your home cannot be taken away from you so long as you are current on your payments.
Owning a home is the American Dream. Don’t let that dream be taken away from you without a fight. If your home is in foreclosure, please contact Lee Cossell Kuehn & Love, LLP at (317) 631-5151.
