Losing your home through foreclosure is a frightening prospect. You likely have countless memories in your home; perhaps it has been a cornerstone for your family. The practical considerations of foreclosure can also be daunting. Where will you live? How will you make ends meet? Will you ever be able to own a home again?
Foreclosure often enters the picture when debt gets out of hand. Credit card companies make it all too easy to overspend and lose track of your financial reality. Unfortunately, once debt starts to pile up, it is often too late. Credit card and other types of debt such as medical bills and payday loans have a tendency to quickly spiral out of control. Before you know it, your home may be in jeopardy as a result.
If foreclosure is on the horizon, it is important to explore your rights as soon as possible. You may be able to save your home by taking swift action.
The law offers several ways to potentially save your home from foreclosure. Filing bankruptcy will place an automatic stay on any foreclosure proceedings, which means foreclosure will come to an immediate halt while your bankruptcy case is underway.
Another option for potentially avoiding foreclosure is pursuing a loan modification or refinancing. These options can restructure your loan to provide a more affordable monthly payment.
No matter how bad your situation may seem, there is always hope. James T. Marasco, a Providence-based foreclosure defense attorney, has helped people like you save their homes and obtain a fresh financial start. With more than 30 years of legal experience, he remains on the forefront of changes in the law, and he applies a rich reserve of knowledge to improve clients' lives.
When you contact us for help, we can analyze your situation and walk you through your options. Our goal is to help you get free from the burdensome debts that led to foreclosure in the first place.
Schedule a free initial consultation with lawyer James T. Marasco to have your questions answered and start on the road to saving your home. Contact us online or by telephone at 401-421-7500 (Providence) or 401-789-1800 (Narragansett).
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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.