Stop Home Foreclosure in Georgia – Its Not Too Late!
Home is where you live. Where you kids play. A place that is truly your own. When you need a hand, the bank isn’t the guy to turn to – you need real help to stop home foreclosure in Georgia. Filing bankruptcy will stop the foreclosure process immediately – even the day before the sale. Stopping a foreclosure will give you time a put a plan together that works for you and your family. Bankruptcy is a tool – a pretty powerful tool when it comes to stopping foreclosures. Its not too late – but you need to act now. We can meet with you and file on the same day to help keep you and your family where you belong.
I heard that I should try a short sale, deed in lieu, or even foreclosure instead of bankruptcy because of my credit?
We hear that a lot…and its not bad advice in some situations. But here are some things to consider:
- Will your lender give you time to sell the home? If you are already behind and facing bankruptcy another 6 months on the market to hopefully sell the house for less that you owe is not a great deal for the bank
- What about the deficiency judgment? If you sell your home for less than the bank owes you can be CHARGED the difference….you will have to pay income tax on that amount and it could be considerable.
- Regardless of your choice here you are looking at dinged up credit for quite some time – its really a question of how much financial pain you can stand in the near future and where would you go if you lost your house
- If you have been late on your mortgage 60, 90, or 120 days your credit is pretty banged up…odds are you missed other payments too. Bankruptcy can stop foreclosure, eliminate or significantly reduce your debt, and start you on the road to credit repair with assets in tact. A short sale leaves you homeless and facing a large tax bill AND you still have lousy credit from the missed payments.
Again, bankruptcy is a tool to save your house, and sometimes its the only tool you have! We are experts with bankruptcy and foreclosure in Georgia – let us do the work for you and keep you where you belong – at home!
Should I file Chapter 7 or Chapter 13 to stop foreclosure?
When you choose to file for chapter 7 bankruptcy or chapter 13 bankruptcy an automatic stay is put into place to stop the foreclosure process. A consultation with our team will review your situation including your debts, assets, obligations, etc and determine what plan of action will benefit you the most. Your situation is unique – call today and lets find the best way forward!