Riverside Bankruptcy Attorney – In our law practice as both bankruptcy and foreclosure attorneys, we see a lot of homeowners who are facing foreclosure. One of the things that concerns us, as Riverside bankruptcy attorneys, is when people think they can save their house by putting their trust in big public events that put out a lot of publicity about how they can save their dreams from foreclosure. What’s worse about these revival-meeting-style “modification” events is that they often come packaged in the guise of a nonprofit organization, so people feel certain they will get the help they need. Unfortunately, any bankruptcy attorney can tell you that this can often lead to costly delays that could cost you your home. It’s far better to check into the advantages of a Chapter 7 or Chapter 13 bankruptcy that can stop a foreclosure dead in its tracks!
It’s easy to see how people get sucked into these traveling show events, whether the modification event is put on by a nonprofit organization, or by a bank. Lately, Chase has been getting into the act, by offering special events with “mortgage modification counselors” who work with distressed homeowners. The problem is, if you’re already behind and facing foreclosure, there is very little any of these people can do to help you. The leading nonprofit assistance firm collects an application fee, then has you fill out paperwork to be submitted for a modification. However, every one of their representatives gains a caseload of over 500 people per event. How long do you think it’s going to take for your modification to come up for review? By then, you’re in danger of losing your house. Homeowners who have been waiting for a modification are known to get emails asking if their house has a sale date. If no, they are told to follow up with the local office. If yes, they are told to get a “Plan B,” in case their house gets sold. It’s sad, because they could have avoided it all simply by filing for bankruptcy.
Not convinced that bankruptcy can help? Download our free book, The California Guide to Bankruptcy, and find out how to get a real solution to your foreclosure woes. We offer it as a free service from our site for the Law Offices of Harold D. Thomson, Riverside Bankruptcy Attorneys. Read it, and you will find out how a Chapter 13 filing can restructure your finances, including your mortgage, into payments you can afford. You may even qualify to have your second mortgage removed altogether! Many Riverside County residents who qualify for certain conditions have found Chapter 7 to be a powerful tool, as well.
Only a bankruptcy attorney can tell you what works best for your particular situation, so please don’t hesitate to call one of our experienced bankruptcy lawyers at 888-558-2992 for a free consultation.
Don’t get sucked into modification gimmicks. Check with a Riverside bankruptcy attorney and find out how bankruptcy can give you real relief and stop a foreclosure NOW.
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