Helping Homeowners For Avoiding Foreclosure
When Your Home Is In Jeopardy
For many people, their house is part of their identity. It expresses who they are and what they have achieved. When they face foreclosure, such as many are doing in the midst of the current economic crisis, they are confronted with financial and emotional turmoil. However, there are steps a property owner can take for avoiding foreclosure.
My name is Maureen O’Malley. As a bankruptcy lawyer with over 20 years of professional experience, I have dedicated my career to helping people in financial distress find debt relief. Schedule an appointment at my office in Reston, Virginia, to discuss options for trying to save your house.
Lenders Are Not Eager to Help
When in trouble, you may be tempted to contact your mortgage company on your own. Before doing so, understand:
- Lenders will require you to complete massive amounts of paperwork for a loan modification application
- A loan modification can take months to be considered and is often rejected or offers too little savings
While loan modifications can be helpful, they are difficult to obtain and the application process can be lengthy. Meanwhile, your mortgage remains unpaid and you are vulnerable to foreclosure action.
Do not make the mistake of listening to friends and family members filled with good intentions but bad advice. Each foreclosure situation is unique and demands extensive evaluation. Only trust an experienced attorney to properly handle your case.
Save Your Home Through Bankruptcy
Filing Chapter 7 bankruptcy can help save your home. In this type of relief, foreclosure proceedings are immediately — though usually temporarily — stopped. Meanwhile, your unsecured debt, including credit cards, medical expenses and personal loans, is eliminated. This frees up funds for your house payments. Before you needlessly empty your bank accounts paying credit card bills and other unsecured debt, contact a lawyer.
Time Is Not on Your Side
When you receive a foreclosure notice, you must act quickly. Your window of opportunity to save your home is narrow. Contact me online or call me locally at 703-483-9639 or toll free at 888-353-2098 for swift legal advice you can trust. My office is conveniently located off Sunrise Valley, between Wiehle and Reston Parkway.
I am required to disclose that I am a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.