What To Do When You Face Foreclosure
Foreclosure is a scary word no matter who you are because it is a sign of hard times and uncertain futures. Owning a home is the American dream and to have it taken away can be a very hard thing to cope with. This type of problem can happen to anyone from first responders to plastic surgeons, but it can be handled the same way no matter who you are. Luckily, foreclosure is something, that if handled correctly, can be a lot less scary than you may have originally thought. Here are some helpful tips to make foreclosure a lot less painful.
When trying to save up enough money to prevent foreclosure it is important to look at all your options. Are you able to take on more work to make more money? Is there anything of value you can sell to keep afloat? If you are a business owner, maybe they're ways to promote your business to generate more income? If you are filing taxes, are you taking advantage of all tax breaks when filing your taxes to keep more of your money such as these first responder breaks - police officer tax breaks? Whatever it takes, make sure you are budgeting, getting rid of unnecessary spending, and trying to look through all avenues of help before giving up your home.
If all other avenues have been traveled, one thing that can help stop foreclosure is filing for chapter 13 bankruptcy. According to Consumer Action Law Group, “One of the surest ways to immediately stop a foreclosure—even days before the auction—is to file a Chapter 13 bankruptcy. Bankruptcy is a legal proceeding that helps consumers pay back debts and get relief from debt collection. During a bankruptcy, an automatic stay is immediately issued. This stay prevents the bank from continuing with foreclosure proceedings even if they have already begun the foreclosure process.” Read more here.
Filing bankruptcy is a way to stop a foreclosure dead in its tracks and the first step is contacting Consumer Resources. When calling their center you will be connected with their network of foreclosure attorneys for a FREE consultation. They are able to look at what problems you face and take you from scared for your future to happy you called. They speak strategy and give you the support you need to make smart choices and make sure you keep your home. When facing such a large battle it is important to have someone in your corner rooting for you and willing to help you fight to keep your home.
Yes, foreclosure and filing bankruptcy are not pretty and enjoyable things to go through, but if handled appropriately it will give you a way to put hardships behind you and look to the future with hope. Taking advantage of services and options that are made available is very important and if you follow some of these tips it will help you keep the home you love. If you are facing foreclosure contact Consumer Resources, you will be happy you did.