Foreclosure Defense Hartford, CT

Foreclosure Defense Hartford, CT

Foreclosure Defense Hartford, CTIf you are a Connecticut homeowner facing foreclosure on your home, you may be hoping to find a way to stop the lender from taking your home. A lawyer who specializes in foreclosure defense in Hartford, CT from The Law Offices of Ronald I. Chorches has legal options that may be able to help in your situation.

Many people who are facing foreclosure think a good foreclosure defense in Hartford, CT is to sell their home quickly. But there are some factors that should be considered for any homeowner considering this option:

You Owe Thousands

  • Concern: You were considering filing for bankruptcy, but you owe thousands on your mortgage and think that even with a bankruptcy filing, you will never be able to get caught up.
  • Truth: Filing for bankruptcy allows you to come up with a repayment plan that allows you to pay off your past-due mortgage over three to five years. 

You Also Owe a Second Mortgage

  • Concern: You not only owe a first mortgage on the home, but you also owe a second mortgage. There is no way you can afford to pay both off.
  • Truth: Filing for bankruptcy may allow you to not have to catch up or pay the second mortgage, allowing you to get caught up on the first mortgage and also your other debts.

Using Bankruptcy as a Foreclosure Defense in Hartford, CT

When a homeowner files for bankruptcy, there is an automatic stay put in place on all attempts at debt collection, including any foreclosure action a lender may have started against the homeowner. A Chapter 7 or Chapter 13 can help the homeowner keep their home or sell it if that’s what would benefit the homeowner more. As a Hartford, CT foreclosure defense lawyer can explain, there are a variety of “tools” that a bankruptcy lawyer can use to help a homeowner either keep their home or buy time before they need to sell the property.

If the homeowner has a second mortgage or even a third, filing bankruptcy may be able to help the owner avoid paying the majority of one or both of these “extra” mortgages. This frees up the equity in the home for the benefit of the owner. If there is any type of tax lien or the owner is behind in property taxes, bankruptcy may also be able to allow the owner a solid foreclosure defense.

Call a Hartford, CT Foreclosure Defense Lawyer for Help

While each foreclosure case is different, there are many options a homeowner may have to save their home or their equity. If you would like to meet with a lawyer who specializes in foreclosure defense Hartford, CT families trust, call The Law Offices of Ronald I. Chorches to schedule a free and confidential consultation and find out what legal options you may have.