You can save your home in Fairfield CA by filing an emergency chapter 13 bankruptcy petition. By filing chapter 13 bankruptcy you can stop the Trustee’s sale and repay delinquent mortgage payments over 3 to 5 years. After you have completed your chapter 13 repayment plan you will no longer be at risk of foreclosure. To stop foreclosure and save your home call our foreclosure attorney at (916) 596-1018.
An emergency bankruptcy filing is when our bankruptcy lawyer files your petition the same day you call. An emergency filing is usually done to stop an impending Trustee’s sale, wage garnishment, or lawsuit. Under Federal Law the filing of a bankruptcy petition forces creditors to stop collection actions, including the continuation of foreclosure proceedings. Accordingly, if we file your bankruptcy petition today your home cannot be sold at the Trustee’s sale tomorrow.
The Repayment Plan
To save your home in Fairfield you will need to repay late mortgage payments in a 3 to 5 year chapter 13 repayment plan. One of the main benefits of chapter 13 bankruptcy is that you can force your lender to accept this repayment plan. Once your chapter 13 repayment plan is confirmed your lender will have no choice but to accept your delinquent balance in small monthly payments over 3 to 5 years. Once repaid, you will no longer be in default on your home mortgage, and therefore no longer at risk of foreclosure.
Stop The Sale Now
You can stop the Trustee’s sale now by calling our bankruptcy attorney at (916) 596-1018 for a free consultation. Our attorney can review your options, ensure that you qualify for chapter 13 bankruptcy, and if necessary, file your emergency chapter 13 bankruptcy petition to stop the foreclosure process.
Not everyone qualifies for chapter 13 bankruptcy, nor is chapter 13 bankruptcy in everyone’s best interest. However, in the right circumstances chapter 13 bankruptcy can be the best tool for stopping foreclosure and saving a home in Fairfield. While real estate agents may push short sales, chapter 13 bankruptcy is the most certain method of stopping foreclosure and saving a home.