Mortgage Foreclosure can be a frightening experience. Many people, through no fault of their own, can fall behind on a mortgage, and face the possibility of losing their home. there are ways to avoid foreclosure.
A Chapter Thirteen Plan provides protection from foreclosure, while you get caught up on your payments.
Some of the ways to avoid foreclosure are:
- Negotiate with the creditor. If you aren't too far behind, an arrangement can often be made. An attorney can represent you during these negotiations.
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Pennsylvania offers a Homeowner's Emergency Assistance Program, which in some cases can lend you the money to get caught up. Pennsylvania Housing Finance Agency
- A Chapter Thirteen Bankruptcy Plan allows you to propose a plan to get caught up, over a 3 to 5 year period.
Federal Legislation may offer additional opportunities to avoid foreclosure.
Federal Housing Act of 2008
Mortgage Modification in BankruptcyFor more information about banktuptcy:
Bankruptcy
We are located in Duncansville, Pa., serving Blair, Bedford, Cambria, Huntingdon, Centre and Clearfield Counties.
There is no charge for an initial consultation about Mortgage Foreclosure:
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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
We are required to provide certain notices and disclosures to persons seeking bankruptcy advice.
Please read these before proceeding: Notices
