Foreclosures

At Syndicate Legal, we are passionate about helping our clients overcome their financial burdens. If you are behind on your home’s mortgage payments and facing the prospect of foreclosure, we encourage you to call us as soon as possible to protect your home from foreclosure by using the powerful laws available in Chapter 13 bankruptcy. We aim to deliver customized solutions to help you keep your most valuable assets: your home.  Call us today for your free case review by a Woodland Hills Chapter 13 attorney to see if Chapter 13 is the right option for you.

The state of California has the second-highest rate of foreclosure in the country. Between April 2012 and 2013, approximately 79,370 homes were foreclosed on.  If you are facing a mortgage crisis, it is important to talk to a foreclosure attorney as soon as possible. Under Chapter 13 bankruptcy, you can save your home from foreclosure by reorganizing your mortgage debt and repaying your delinquent payments over an extended period of time of up to five years.

Other Ways Chapter 13 Bankruptcy Can Help Protect Your Home:

• The moment you file for Chapter 13 bankruptcy, the court issues an “automatic stay,” which immediately prevents creditors from collecting any debt, including immediately stopping a foreclosure sale.
• You may be able to eliminate your second mortgage and treat it as unsecured debt in some cases.

Filing a Chapter 13 bankruptcy gives those struggling with serious debt a chance to keep their homes and to repay high-priced mortgages strategically. Additionally, filing Chapter 13 could allow you to discharge other debts or pay a fraction of them, giving you increased financial flexibility. However, Chapter 13 bankruptcy may not be the right choice for everyone. There are limits to the amount of debt a filer can have in a Chapter and a filer must also be able to illustrate the ability to repay their mortgage arrears through a Plan.

Take the First Step: Call us today for your free consultation to see if you qualify for Chapter 13. There is no charge for the call and we’re happy to provide options.