Foreclosure has become an epidemic today in the US. If you are facing foreclosure you are not alone. The reason behind foreclosure is generally the non-payment of installments on the mortgage for the house.  The lender in turn repossesses the house and sells it to recuperate some or all of the debt owed. There are many bankruptcy questions you may have regarding foreclosure.


The biggest question on the mind of many consumers facing foreclosure is: does the filing of Bankruptcy stop foreclosure? The simple answer is filing for bankruptcy will stop or put a stay on the foreclosure process. However whether or not you will be able to retain your home is a complicated question that can only be answered by one of our Bankruptcy Attorneys based on an evaluation of your situation as a whole and the type of Bankruptcy Chapter you file. Only a licensed bankruptcy lawyer will know how to file bankruptcy using the right chapter.  

With the help of proper knowledge about foreclosure and how to stop it, in some cases there are ways a person can retain their property. For all such knowledge on foreclosures and ways to avoid it, Bankruptcy Intro is here for you. Here you can get bankruptcy news and updates regarding foreclosure laws and most importantly seek the advice of the licensed Attorneys on our panel on how the Bankruptcy will affect the foreclosure of your property and steer you in the right path to keeping your home.

Many homeowners have both a first and second mortgage on their home. These mortgages can sometimes be from two separate lenders. A mortgage on a property is also referred to as a lien. In some cases filing for bankruptcy can remove a lien entirely; a process sometimes referred to as “lien stripping”. Having a lien stripped is a very complicated issue and can depend on a number of variables.

Only a licensed Attorney proficient in the US Bankruptcy Code has the knowledge and power to force a lender to strip a lien. Here at Bankruptcy Intro we provide you with a choice of licensed Attorneys in your geographical area who are ready and willing to advise you in connection with the Bankruptcy laws, and if warranted, a Bankruptcy filing.

To find out how filing Bankruptcy affects the foreclosure of your home, fill out our free no obligation evaluation and our panel Attorneys will guide you in the right direction to take all possible steps toward saving your most priceless passion, your home  

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