Compassionate Bankruptcy Attorney in SE Michigan
Let us help you save your home from foreclosure.
You worked so diligently to obtain a place to call your own, and now it may seem that the dream of homeownership is over. If you are facing the prospects of foreclosure, Michigan Bankruptcy Law Centers can help you work to save your home.
For a free, no-obligation consultation with bankruptcy attorney Dickron "Zeke" Bohikian, call 877.829.0108 or 810.355.4329 or e-mail us today.
Foreclosure is a process the bank uses to get back the collateral on its loan/your home.
Foreclosure does not happen overnight. It is a process that usually begins after two or three months of missed mortgage payments. Because the bank wants the money and not the property, it will schedule the sale of your home after just four to five months of missed payments.
There are certain steps the bank will take before foreclosing. First, you should receive a letter from the mortgage company's attorney indicating the amount due, broken into categories for principal, interest and late fees. Next, a notice will be published in the local newspaper announcing the upcoming Sheriff's sale of your home. This notice will be published for four to five weeks on the same day each week until the sale date. You may also receive a notice taped to your door of the foreclosure and sale of your home.
Bankruptcy temporarily stops foreclosure until arrangements can be made.
Taking action and contacting a lawyer earlier rather than later in the foreclosure process is advisable. By filing for bankruptcy before the sale, an automatic stay goes into effect that temporarily stops the foreclosure. Depending on the type of bankruptcy and the terms, you may receive a six-month to 12-month redemption period in which you can pay off your mortgage balance or refinance your loan.
At Michigan Bankruptcy Law Centers, we can help you find your way through the maze of debt and foreclosure to financial freedom. Since 1992, our attorney has been helping people like you find answers to their legal and financial problems. He is willing to take the time needed to help you find answers to your questions and solutions to your problems.
Contact us today at our Brighton office for a free, no-obligation consultation and bankruptcy analysis. Call 877.829.0108 or 810.355.4329 or e-mail us.
