Sonoma County home prices force many homeowners into foreclosure. With easy financing and high housing prices even the slightest disruption in income can drive homeowners into foreclosure. Fortunately, homeowners in Sonoma County can save their home and stop the foreclosure sale. Our Sonoma County bankruptcy attorney can file an emergency chapter 13 bankruptcy petition and stop the Trustee’s sale. If you are facing imminent foreclosure contact our foreclosure attorney today.
Stop The Trustee’s Sale
If a chapter 13 bankruptcy petition is filed before the scheduled Trustee’s sale Federal law requires that the foreclosure sale not continue. Section 362(a) of the Bankruptcy code provides that collection actions (including Trustee’s sales) are automatically stayed upon the filing of a bankruptcy petition. Accordingly, when our Sonoma County foreclosure lawyer files your chapter 13 bankruptcy petition before the scheduled Trustee’s sale Federal law will prevent the sale from occurring.
Keep Your Sonoma County Home
Only chapter 13 bankruptcy allows you to keep your home during and after bankruptcy. Furthermore, only chapter 13 bankruptcy allows you to force your lender to accept repayment over several years. While non-bankruptcy solutions exist in in the early stages of the foreclosure process, many clients find that their lenders are unwilling to work with them. Lenders don’t want to modify mortgages or prolong what they consider to be the inevitable: that you will be unable to pay your mortgage payments. If you find yourself in this position only chapter 13 bankruptcy can force your lender to accept your repayment plan. Once you have completed a 3 to 5 year repayment plan you will no longer be in default on your home mortgage. As a result, your lender cannot continue the foreclosure process. In short, by completing your chapter 13 bankruptcy repayment plan you will have saved your home from foreclosure.
Many bankruptcy attorneys charge over $3,000 to file an emergency chapter 13 bankruptcy petition. In contrast, our foreclosure attorney only charges a flat fee of $2,000 before your case is filed. If you are facing foreclosure you can stop the Trustee’s sale today by calling our foreclosure attorney today.