Even if you are careful about your purchasing habits and your finances, problems like losing your employment, illness, and other situations can lead to difficult financial situations. If you have difficulty making payments on your mortgage, you could be facing foreclosure. Banks are not hesitant to take legal action and foreclose on homes if mortgages have not been paid on time. Our centrally located Salt Lake City bankruptcy attorneys at Enderton & Mathews, LLC, are here to help you fight foreclosure.
Banks do not care about your personal situation or why you have become late on your payments. All they know is that you haven't paid your mortgage in a timely manner and that they have protocols in place. Our centrally located Salt Lake City attorneys know how stressful this can be for you and want to help. In addition to losing your home, foreclosure can have many different negative effects on your finances, including tax liability and a damaged credit report.
One of the common reasons that people file for bankruptcy is that they are facing foreclosure. When your bank has threatened to foreclose on your home, and there is no way you can catch up the payments, bankruptcy may be the most sensible solution. A Chapter 13 bankruptcy allows you to catch up past due mortgage payments through a Chapter 13 plan. The most important step you can take is to consult with a knowledgeable Salt Lake City bankruptcy attorney to discuss your situation and learn if bankruptcy is right for you.
Please reach out to Enderton & Mathews, LLC today by calling (801) 701-8644 to find out how we can help during a free initial consultation.