Foreclosure

This depends on which state you live in and the laws of that state, as these vary significantly from state to state. If you are not able to catch up on your delinquent payments on your home mortgage in the time that is allowed by your state, not war a there are still options. If you were to file a chapter 13 bankruptcy you could stop all foreclosure proceedings and be given a three to five-year time period in order to repay your delinquent mortgage payments and keep your mortgage current. This will keep you in your house and all field help you with any unsecured debts such as credit cards and medical bills that you may have. I have responded to your inquiry according to the laws of Massachusetts, where my firm is located. Laws can vary significantly from state to state and cases tend to be rather fact-specific, so you are best served by consulting with a knowledgeable attorney in weighing your options. Email messages/Online Correspondence are akin to conversations and do not reflect the level of analysis applied to formal legal opinions. Email/Online responses do not form an attorney-client relationship.    Joseph F. Botelho, Esq. BOTELHO LAW GROUP Attorneys At Law http://fallriverbankruptcyattorney.com/ 901 Eastern Ave.  Unit 2 Fall River, MA 02723  Office:  888-269-0688 FAX:    877-475-8147