12 Ways to Avoid a Home Foreclosure
Worried about Foreclosure? The Philadelphia bankruptcy attorneys at Alfred Abel Law Offices offer 12 tips for avoiding foreclosure. If you are behind on your payments and worried about foreclosure, consider which of these methods might help you.
In 2015, Montgomery County Bar Association’s Bankruptcy Committee registered 1558 foreclosure complaints. Many homeowners are unaware that they have some options for avoiding foreclosure. Relief could be as simple as refinancing, especially if homeowners have managed to keep up with payments. Other avenues of relief include selling the home, either at a price equal to the mortgage debt or as part of an approved short sale; loan modifications; repayment plans or even reverse mortgages for homeowners over 62 years of age. Sometimes bankruptcy is the only way to stop a home foreclosure, and with 30 years of experience, Alfred Abel Law Offices can make the process easier.
Philadelphia Bankruptcy Attorney Alfred Abel has helped hundreds of clients through difficult bankruptcy cases. Though bankruptcy can be complicated, filing bankruptcy can also bring relief from creditor harassment and worry over bills, as well as provide a fresh start, free of overwhelming debt. If you are worried about what will happen to your home after bankruptcy, talk with your bankruptcy lawyer. In most cases, you will be able to keep your home, and in many cases, you may be able to negotiate a more manageable payment plan.
Trust the knowledgeable and skilled Philadelphia bankruptcy attorneys of Alfred Abel Law Offices to guide you through bankruptcy. For more information, call 215-517-8300 or visit www.AlfredAbelLaw.com today!