Foreclosures, Mortgages And Loan Modifications
Homeowners who have experienced injury, job loss or divorce often face the added stress of losing their homes. Individuals who fear that a lender may foreclose on their house should take action to protect themselves. Foreclosure is not inevitable.
At the Law Office of Ronald V. De Caprio, we help clients explore their options. Their debt relief options may include a Chapter 7 or Chapter 11 bankruptcy. They can also include a loan workout or modification. Our attorneys will take the time to review the details of a client’s situation and provide an honest assessment that can help a homeowner make the best decisions for his or her financial future.
Foreclosure Help And Bankruptcy Advocacy
The best thing a homeowner can do is to take action and get control of the financial situation. While seeking a mortgage modification is one option, it can also prove to be difficult. For example, a workout, as modifications are sometimes called, does not protect a homeowner against creditor action. Before agreeing to a loan modification or pursuing a new mortgage, it is important to consult an experienced lawyer for advice and information about the pros and cons of the options available.
Bankruptcy As Alternative To Loan Modification
Even though a loan modification might be a quick solution, it may not solve a person’s financial problems in the long term. Moreover, there are unscrupulous companies that try to take advantage of an individual’s vulnerable situation. Homeowners throughout the country have lost their investments by signing deeds to their homes in an attempt to save their property. Bankruptcy, rather than loan modification, may be the best way to quickly stop creditor actions, including foreclosure.
Our New York law firm is experienced with all of the following:
- Divorce and bankruptcy
- Chapter 7 and Chapter 13 bankruptcy
- Debts that can be discharged through bankruptcy
- Property that can be retained after filing bankruptcy