Home Foreclosure in Everett

Falling behind your monthly mortgage can have devastating consequences. If you continue to miss your monthly payments, you could lose your home to foreclosure. Filing for bankruptcy may allow you save your home from foreclosure, and even protect up to $125,000 of equity.

Many homeowners fall behind on their monthly mortgage payments because of other debts like credit card obligations or medical bills. Some may miss a substantial amount work due to illness or other circumstances beyond their control. Debt collectors only add to the stress and hardship by using morally dubious practices, like phone calls in the middle of the night, in an attempt to retrieve money that doesn't exist.

You may be able to save your home from foreclosure with help from one of our experienced Everett bankruptcy attorneys. Find out by contacting one of our bankruptcy attorneys in Snohomish County for a free consultation.

• Filing for Chapter 7 and Chapter 13 bankruptcy stops foreclosure
• Chapter 7 bankruptcy may give you with enough time and adequate financial relief to get caught up on mortgage payments
• Chapter 13 bankruptcy consolidates your debt, so you can repay mortgage arrears over a three to five year period
• Find out whether you can save your home by contacting one of our Everett home foreclosure lawyers today

If you want to prevent foreclosure on your home, you should speak with one of our Everett bankruptcy lawyers and determine your best course of action. The majority of homeowners in Everett who fall behind on their mortgage payments are honest people who suddenly face unexpected financial hardship through no fault of their own.

Most Washington State homeowners are unaware that bankruptcy laws were designed to help them get back on their feet financially, which may allow them to save their home. Bankruptcy also immediately stops relentless harassment from creditors who have no sympathy for their financial hardships. If you're interested in stopping foreclosure on your home, contract our Washington State law office today and learn more about your bankruptcy options.

Filing for Chapter 13 or Chapter 7 bankruptcy will stop foreclosure on your home, but your income will largely determine which variety of bankruptcy is more viable. If you earn less than the median annual income level, filing for Chapter 7 bankruptcy may be your best option. If you earn more, you may need to file for Chapter 13 bankruptcy.

Chapter 7 bankruptcy usually doesn't offer a long-term solution to home foreclosure, but it can provide you with time to explore plans that could caught up on your monthly mortgage.

Chapter 13 bankruptcy is often referred to as the "home saver plan," because it is often an effective way to stop home foreclosure. With Chapter 13 bankruptcy, all of your non-dischargeable debt is consolidated into an affordable monthly payment plan that lasts from three to five years. This allows you to get caught up on back mortgage payments and maintain an up-to-date payment schedule. In the meantime, your unsecured debt may be partially or entirely discharged by the court.

Unpaid debt can lead to wage garnishments that could cause a homeowner to default on mortgage payments. When you file for bankruptcy, all wage garnishment immediately stop, which may free up enough money for you to get caught up on your payments.

The federal government developed bankruptcy laws to help Americans get out from under the crippling debt that prevents them from ever getting ahead financially. Our Washington State bankruptcy lawyers will stand up to unscrupulous creditors on your behalf so that can enjoy some peace of mind and reap the full benefits that foreclosure relief offers. Contact a lawyer at our law office in Everett today and get more valuable information about home foreclosure.