Facing Foreclosure? Approaches For Slowing Down This Process
When you are facing foreclosure, the fear of losing your house can have a paralyzing effect and prevent you from identifying solutions to erase your debt. You may feel that you have no control over your future and your finances. What your bank and your creditors may not tell you is that you may have options available that could help you slow down the foreclosure process or stop it completely.
At Schneller & Lomenick, P.A., our attorneys have stood by countless families throughout northern Mississippi who are struggling with debt issues that threaten their homes and assets. With their assistance, you may be able to get the second chance you deserve and take care of your debt*.
Strategies That May Help You Stop Foreclosure
Depending on your financial circumstances, you may be able to stop the foreclosure process by discussing your situation with your lender. Because the foreclosure process is time-consuming and expensive to pursue, your lender may be open to working with you to resolve your problem.
These options may allow you to pay down your debt and keep your home:
- Refinancing your loan
- Developing a repayment plan
- Suspending your mortgage payments for a brief time period
- Modifying the terms of your loan
If you cannot reach an agreement with your lender, you can also challenge the foreclosure in court or file for bankruptcy. Filing for bankruptcy will stop the foreclosure process for a short period of time, allowing you to assess your situation without harassing emails or calls from creditors.
Our lawyers are compassionate and skilled legal professionals who advocate for your best interests. Whether you need advice on debt relief strategies or representation in bankruptcy proceedings, we are ready to educate you on your options and represent you throughout your legal matter.
Get Sound Legal Counsel Today
Please contact our firm to learn how we can help you. We offer free initial consultations because we do not want legal fees to prevent you from getting the information you need. We have offices in Holly Springs and Olive Branch. You can reach us via our contact form or by calling 662-278-0584.
*We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.