Saving Your Family Home from Foreclosure
In the United States, the current state of financial affairs is a bleak one. Despite much discussion about banks and the government stemming the tide of foreclosures, the onslaught continues with over 40,000 foreclosures each week in America and over 400 per week in Connecticut alone.
While various home saving options exist, your lawyer must know how to make the system work for you. At The Law Offices of Neil Crane, LLC, in Hamden, Connecticut, we use our years of experience to help our clients defend against home foreclosure.
- Government programs: The Obama Administration has introduced a new program to stop home foreclosure, but it remains complicated and many banks have not yet embraced it. To take full advantage, homeowners would benefit greatly with the assistance of an experienced foreclosure defense attorney. At The Law Offices of Neil Crane, LLC, our attorneys use their years of experience in addition to early preparation and in-depth knowledge to advocate for you.
- Court mediation: Connecticut has instituted mandatory foreclosure mediation during the initial phases of foreclosure. Mediation can be an invaluable opportunity that should not be squandered. Successful mediation requires good financial documentation, a well constructed hardship letter, and a sense of what the banks and mediators are looking for.
- Chapter 13 bankruptcy: Chapter 13 remains the best way to save homes. It allows for repayment of mortgage arrearages along with reduction or elimination of unsecured debt. Additionally, Chapter 13 allows for removal of second mortgages under certain circumstances. In the end, the combined elimination of unsecured debt and removal of second mortgages is proving to be the most successful means to long-term home ownership.
Contact Our Office for Assistance with Foreclosure Defense
As the economy fails and Wall Street gets its bailout, Main Street wonders is there anything for us? The best way to find out your options is to talk with an experienced attorney. Call The Law Offices of Neil Crane, LLC, at 203-230-2233, or toll-free 1-800-616-DEBT, to receive a free initial consultation. You may also complete our online contact form.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
