Plano TX Loan Modification Lawyer
If you are facing foreclosure, there are several options available to you. You should consult a bankruptcy attorney in Plano or a loan modification attorney to discuss your options. Every attorney working for the Law Offices of David Kohm is qualified to help you figure out the best course of action to avoid losing your home.
Many low-income debtors in Texas qualify for loan modification. These types of programs allow you to change the terms of your loan so that your payments will be more affordable. The bank cannot foreclose on your home while you are in the process of setting up a modification. Loan modification specialists can help you determine whether this option will work for you.
If you decide that bankruptcy is more in your best interest than attempting to modify a loan, the process is more complex. There are different types of petitions you may want to file, and in some cases you still risk losing your home if you don’t file exemptions appropriately. You may also have to re-affirm your mortgage and continue paying the same amount. In some cases, your back balance can be included in a restructured payment plan, while in other cases you may not qualify for this type of relief.
Since the laws surrounding foreclosure and alternatives to foreclosure are complex, it’s more important than ever to hire an attorney who is familiar with this area of law if you are considering stopping foreclosure by declaring yourself bankrupt. That way, you can make sure your strategy doesn’t backfire on you.
Regardless of the path you take to resolve your foreclosure problem, you need to consult a qualified attorney so that you can make sure your strategy makes sense and that you are implementing it properly. There are many solutions available for these types of problems. Call the Law Offices of David Kohm at 817-204-0900 to schedule a consultation today.