Foreclosure is a process where a lender tries to get back the money owed to them by selling an asset. This asset is usually the collateral given by the borrower who signed for the loan. This happens with a court order. An attorney can help advise you if you’re going through this difficult and stressful life event.
How to Stop Foreclosure with Bankruptcy
If you’re having financial trouble, an attorney can help you try to stop foreclosure. They can help you to analyze your debt and to determine if bankruptcy is for you. They will help you to file all the paperwork that allows you to protect your property while you organize or restructure your debt. They understand the laws pertaining to bankruptcy in Kansas.
For many individuals, bankruptcy is the answer. Our lawyers can help you to get rid of debt and try to stop foreclosure with litigation. If you have been notified of a lawsuit against you because of your debt, an attorney can help you address this issue head on. A bankruptcy attorney will work hard to fight for your rights every step of the way. A debt evaluation is used by an attorney in order to evaluate a potential client’s finances and to decide whether bankruptcy is right for you.
How a Lawyer Can Help You with Loan Modification
Another way to restructure a mortgage without bankruptcy is through loan modification. The Home Affordable Modification Program is a program designed to help lower monthly mortgage payments to make them more affordable. They adjust interest rates, extend the terms of a loan or delay principal payments.
An attorney can help you determine if you qualify for this loan assistance.
Call for Professional Legal Advice Today!
When you’re seeking advice regarding foreclosure or loan modification, it’s time to speak to an attorney who is experienced in these types of cases. For a consultation today, call 913-962-8700. We can help individuals in Wyandotte County, Johnson County, Leavenworth County, Douglas County, Shawnee County, as well as the surrounding Kansas communities.