Stop Foreclosure

Napa and Santa Rosa Lawyer Ellyn M. Lazar Explains How You Might Save Your Home with Chapter 13

Photo of a foreclosed home
If you are behind on your house payments, your deed of trust holder or mortgage lender may sell your house through a procedure known as foreclosure to collect on the home loan. If you are behind on your house payments and you are facing foreclosure, filing for Chapter 13 bankruptcy may save you from losing your home.

How Can Chapter 13 Bankruptcy Stop Foreclosure?

An automatic stay comes into effect immediately upon filing Chapter 13 bankruptcy. The automatic stay stops all collection actions, including foreclosures. Your deed of trust holder or mortgage lender therefore must stop its foreclosure proceedings against your home.

How Can Chapter 13 Bankruptcy Save My Home?

The deed of trust holder or mortgage lender cannot foreclose on your home as long as you resume paying the monthly loan payments and pay the loan arrearages in full through your Chapter 13 payment plan. You may pay the loan arrearages, as well as delinquent property taxes, over a three- to- five-year period.

Whether you will be able to save your home in a Chapter 13 bankruptcy will depend upon multiple factors, including the amount of arrearage and your ability to pay the current home loan payments and Chapter 13 plan payment. Napa and Santa Rosa bankruptcy lawyer Ellyn M. Lazar has been helping her clients save their homes from foreclosure for nearly 30 years. With her extensive experience and knowledge, she can help you decide if Chapter 13 is a feasible option for saving your home from foreclosure.

Freedom From Debt with the Service You Deserve – Contact Santa Rosa and Napa Bankruptcy Attorney Ellyn M. Lazar to Schedule a Free Confidential Consultation

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