eople who are facing Foreclosure Woodbury MN are often already emotionally exhausted. By the time a family is badly behind on paying the mortgage, they are usually also struggling with other bills and being harassed by collection agencies. Meanwhile, every day of their lives becomes a careful calculation of everything from whether there’ll be enough food to make it through the week to whether there’ll be enough gas in the car to drive all the way to work. If this is the situation that you are facing, you should call the Lamey Law Firm and get someone on your side who can provide the information and support that you need to make informed and empowered decisions about what to do next.
Getting a notice that the bank is beginning foreclosure in Woodbury MN does not necessarily mean that your situation is not hopeless. In fact, people sometimes manage to go to a law firm just days before the house would have been taken from them and they still manage to quickly initiate bankruptcy proceedings. One of the effects of declaring bankruptcy is to put an immediate hold on any foreclosures that are already in progress. That doesn’t guarantee that an arrangement that saves the house will be possible, but at the very least it buys time to explore additional options. Certainly, every day that you can continue to live in the house is another day when you don’t have to panic about not having a safe and warm place to sleep.
It’s best to approach a lawyer as soon as you know you are in real trouble and to begin making a solid plan about what to do next. While bankruptcy doesn’t necessarily require an attorney, it’s very hard for most people to properly understand the law and to figure out whether they qualify for Chapter 7 or 13. It’s also difficult for an inexperienced person to get through all the calculations necessary to figure out what approach will be most advantageous.
If you qualify for a Chapter 13 bankruptcy, you may very well be able to reach an arrangement to repay the money that is in arrears over a period of several years. That will allow you to not just put a hold on Foreclosure Woodbury MN, but to actually completely prevent the process and to retain the home for yourself and your family.
