The attorneys at Blomgren & Bobka in Cleveland, OH know that fast action can be essential to saving your home. If you have fallen behind on mortgage payments, like many others in the Cleveland, Ohio, area and across the country, we may be able to help you take action to save your home. Acting quickly can be critical, however, we urge you to contact us as soon as possible to discuss potential options. If you wait until a sheriff's sale has been scheduled, for example, it may be too late for any attorney to help.
Evaluating Whether Chapter 13 Can Accomplish Your Goals
Chapter 13 bankruptcy is a viable path for some people who can reasonably expect to catch up on mortgage payments over a period of three to five years. When filing a plan to pay your creditors over this period of time, you may be able to include the arrearage on your home loan and keep the home in your name - and then make monthly payments to your trustee.
Chapter 13 involves obligations and risks. It is very important to work with a lawyer who will carefully evaluate all aspects of your overall financial situation. We will be caring and empathetic, yet absolutely honest, in presenting possible solutions. We will not recommend or push you toward Chapter 13 bankruptcy if it is unrealistic for you to succeed in saving your home.
We Also Advise People on Minimizing Damage and Recovering From Foreclosure
Unfortunately, volatility and weakness in the housing market has left many individuals and families owing far more than their houses are worth. If you determine that giving up a home is the best choice in your circumstances, we can help you:
- Minimize or eliminate liabilities after foreclosure, including taking action to prevent you from being sued for a deficiency balance
- Pursue bankruptcy or other solutions to address second mortgages that are no longer secured by equity in the home
- Anticipate and prepare for tax consequences and other potential negative consequences of foreclosure
We want to help you find a real, workable solution that allows you to achieve your goals. If saving your home is your top priority, we may be able to help. Please be aware, however, that waiting to act can erase or limit options.
Contact Blomgren & Bobka at 216-622-1234 to learn more about Cleveland, OH bankruptcy law options. Call for a Free Consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
