If you are at risk of losing your home due to the foreclosure process, please understand that a number of legal and financial strategies and tools may be available to you. Depending on the unique nature of your situation, one or a combination of these tools may allow you to stall your foreclosure or even remedy the risk that you will be foreclosed upon. It is important to understand that not every strategy and tool available is appropriate for every homeowner. As a result, it is generally a good idea to schedule a confidential consultation with a Clearwater, FL Chapter 13 bankruptcy lawyer before creating a specific foreclosure avoidance plan.
If your financial situation meets certain criteria, it may make sense to file for bankruptcy in order to stall the foreclosure process or save your home from being foreclosed upon. It may seem odd at first to contemplate filing for bankruptcy in order to address a risk of foreclosure. But in the end, the legal tool that is bankruptcy may both free up certain income and re-prioritize specific debts in ways that allow you to potentially keep your home. A Clearwater, FL Chapter 13 bankruptcy lawyer will be able to clarify your legal and financial options after learning about your unique situation.