How will filing bankruptcy affect my home?
The
answer to this question can only truly be answered by a legal
professional. We are not intending to replace the advice of a legal
professional. However, the federal bankruptcy laws across the United
States are favorable to the homeowner. Bankruptcy laws are primarily
designed to address the issue of unsecured debt. The bad news about
bankruptcy is that many times filing bankruptcy will make the situation
worse. The lenders recourse is only stalled while the bankruptcy is open.
Once the bankruptcy is discharged, the situation could actually become
worse. Interest payments can and usually do continue to accrue. If you are
in this situation, you should sit down with a qualified lending
professional at Landmark Mortgage.
We network with legal professionals and can refer you to them if we
are not be able to assist you. Our goal is to provide you with a possible
alternative to filing a bankruptcy. We have been able to assist many
homeowners with refinancing, providing them with an alternative to
bankruptcy and preventing the loss of their home.
Landmark Mortgage
specializes in assisting those individuals confronted with this
situation. In most cases we can
advise you on the best approach and help you with your specific loan
requirements.
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