Are you one of the many Michigan residents who is at risk of losing your home to foreclosure? Do you feel like there is nothing you can do about it? The truth is you may have options. A bankruptcy law attorney can review your case and help you pursue the foreclosure defense strategy that best fits your situation.
For a lot of people, the housing crisis tied to ballooning interest rates and bloated mortgages is done. Unfortunately, there are those who, due to various personal issues such as loss of employment, illness and emergency situations — among others — are still finding it difficult to maintain their mortgage payments. Unfortunately, lenders may not be sympathetic to your personal circumstances.
Homeowners do not have a lot of time to take action once the foreclosure process begins. Trying to work with lenders if you are struggling to keep up with your mortgage before it gets that far is a good place to start. However, some may find that insufficient. If you are in such a situation, a bankruptcy filing may be what you need to stay foreclosure and save your home. To learn more about this and other potential foreclosure defense options, please visit our firm’s website.
Whether you reside in Michigan or elsewhere, trying to figure out the best way to handle your debt situation can feel overwhelming, which is understandable. The best thing you can do for yourself and your property, is to seek help as soon as possible. An experienced bankruptcy law attorney can review the specifics of your economic state and help you pursue the foreclosure defense strategy that will best benefit your circumstances.