Drowning in Debt? Contact an experienced attorney
I’m facing foreclosure what do I do now?
Perhaps your adjustable rate mortgage (“ARM”) payments have gone way beyond your budget? Or maybe you’ve lost your job and no longer have the income to stay current on your mortgage? Whatever the cause, your now facing the possibility of home foreclosure.
The first step you ought to take is to consult with an experienced attorney.
In this series we will explore several foreclosure situations and options.
The first question that you need to answer is: Do I want to save my home?
If you want to save your home, there are some options to explore:
1. Mortgage modification- the government’s latest solution to foreclosure
2. Special Forbearance
3. Partial Claim- A HUD program
4. Chapter 13 bankruptcy Learn more now
In this series we will discuss the above options in more detail and the options available to help you get out of your home with the least financial impact.
For more information contact Purple Law Firm - Chattanooga TN and schedule a free consultation with attorney Jim Purple.
Also see our previous post: Can I keep my home if I file bankruptcy?
Part 2: Mortgage modification v.s. chapter 13 bankruptcy
Also Read:
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Mortgage modification v.s. chapter 13 bankruptcy (Part 2 of foreclosure series) | The Law and You in Chattanooga Tennessee
August 18, 2010 at 11:39 am (UTC -4)
[...] Mobile Web Site ← I’m facing foreclosure what do I do now? (part 1) [...]
Facing Foreclosure? Part 3: Special Forbearance and Partial Claim | The Law and You in Chattanooga Tennessee
August 19, 2010 at 4:13 pm (UTC -4)
[...] Part 1 of Facing Foreclosure Series Part 2: Modification v.s Chapter 13 [...]
Debt Relief through Bankruptcy | The Law and You in Chattanooga Tennessee
September 29, 2010 at 8:07 am (UTC -4)
[...] Review: Chapter 7 Chapter 13 differences Foreclosure and Bankruptcy Options [...]
Foreclosures Halted Due to Serious Bank Errors | The Law and You in Chattanooga Tennessee
October 10, 2010 at 3:54 pm (UTC -4)
[...] Options when Facing Foreclosure Chapter 13 versus mortgage [...]
Tennessee Revised Foreclosure Process » The Law and You in Chattanooga Tennessee
December 9, 2011 at 12:00 am (UTC -4)
[...] The Tennessee legislature has revised the foreclosure notice process in the State of Tennessee effective July 15, 2010. This change only applies to owner occupied homes, in other words your personal residence. If you are facing foreclosure you should consult with an attorney to make sure that your rights are protected. Prior to the first publication of a notice of a foreclosure sale of a deed of trust, mortgage or other lien securing the payment of money on an owner-occupied residence, the lender, trustee or other creditor shall send, or arrange to have sent, to the debtor a notice of the right to foreclose at least sixty (60) days prior to the first publication. Prior law provided a thirty (30) day advance notice. In any sale of land to foreclose a deed of trust, mortgage or other lien securing the payment of money, advertisement of the sale shall be made at least three (3) different times in some newspaper published in the county where the sale is to be made. The first publication shall be at least twenty (20) days previous to the sale. If you have received a Notice of the right to foreclosure, contact an attorney immediately to explore your options, including bankruptcy. Review: Facing Foreclosure [...]
Short Sale and Bankruptcy Options when facing foreclosure. » The Law and You in Chattanooga Tennessee
December 10, 2011 at 10:07 pm (UTC -4)
[...] Foreclosure” Series: Part 1 Part 2 Part [...]