Has a loss of income or a change in your family’s structure made it challenging to repay your home’s loan? Perhaps your family has experienced a temporary setback financially, and now you are having a difficult time getting out from the debt acquired within that time. Whatever the reason may be, you can delay the process or even prevent a financial institution foreclosing on your home. When someone experiences financial hardships, it can be stressful for the individual and their family. With the risk of losing their home, it can be extremely difficult on them if they are unable to stop the foreclosure. Fortunately, a solution can be found when you select to consult with a foreclosure attorney in Valdosta.
Reasons to Consult a Bankruptcy Attorney
- They can provide you with information on the options you have available to help prevent or delay the foreclosure on your home.
- Chapter 7 bankruptcy can delay the process by preventing the financial institution from foreclosing on your home. This will provide the time you need to decide what living options you have available or finding a new place to live.
- Some states offer exemptions that will allow the homeowner to retain their property while eliminating other debts.
- Chapter 13 bankruptcy can stop foreclosure on a home and provide the opportunity for a foreclosure attorney Valdosta to negotiate repaying the past-due amount over a set time frame to help you keep your home.
Obtain the Guidance You Need with a Respected Law Firm
Unforeseen circumstances can be challenging for anyone, especially if the situation affects the person’s financial status. If you feel that you have lost control of your finances and need a solution that fits your specific needs, you should contact Charles Farrell, Jr. Attorney at Law to learn how they can assist you. From delaying foreclosure on your home to creating a payment option that satisfies the financial institute, you can gain the services and experience required to help relieve the stress caused by debt.