Stopping the Foreclosure Process

Received a Notice of Foreclosure? Call a Southaven Bankruptcy Lawyer

When a debtor has fallen behind on mortgage payments, the bank or mortgage company may decide to take back the property through a process known as foreclosure. This will typically happen after the payments have been behind for three months or more. If you have been served with a Notice of Foreclosure and want to remain in your home, the only way to stop this process is to work out an agreement with the lending institution to either bring the mortgage current or refinance it.

How an Experienced Southaven Bankruptcy Attorney Can Help You

Preventing foreclosure and getting approved for refinancing can be a very difficult and frustrating task. Few people know that they even have this option, much less where to begin. When this happens to you, having an experienced Southaven bankruptcy lawyer to consult with, assess your specific situation, and come up with an effective and quick solution is probably your best option. Our team at Boyd Law Office has nearly 35 years of experience, and has helped countless clients throughout Northwest Mississippi fight their foreclosure.

Some of the most effective solutions for stopping the foreclosure process include:

• Filing for Chapter 13 bankruptcy before the foreclosure sale, as this usually leads to an "Automatic Stay"
• Short sales
• Loan modifications
• Deed in lieu of foreclosure

An In-Depth Knowledge of Foreclosure Laws & How to Fight the Process

It is important to understand that you do have options moving forward, even when the foreclosure process has already begun. When the very home that shelters you and your family is on the line, having a knowledgeable and trustworthy Southaven bankruptcy attorney assisting you can make all the difference. We have an in-depth knowledge of the complex laws involved with foreclosure, how they apply to your situation, and how to use them to your advantage when fighting the process.