Home foreclosures

• From: johnpeterson1812g@gmail.com
• Posted: 07/06/2014 12:39AM
• City: Scottsdale
• State: ARIZONA
• Keywords: Home Foreclosures, Arizona Foreclosures
• Description:
• Bankruptcy filings are never an easy decision. Chapter 13 is especially difficult because you have to commit to a repayment plan over three to five years. But in certain situations, Chapter 13 may be the only option you have to provide much needed relief. Here are some examples of when Chapter 13 may make sense: • You’re behind in your payments and your creditors won’t work with you – If you have a home mortgage or vehicle loan, you may need help catching up with past due payments. Home foreclosures will be stopped in a Chapter 13 filing. You would pay your past due payments through the bankruptcy plan and future payments directly to the creditor. In some cases, you may even be able to remove second mortgages. For example, if your home’s value is less than what you owe on your primary mortgage, you may be eligible to have any lower priority mortgages treated as unsecured debt, provided you make your Chapter 13 payments per your plan. http://www.olgazlotniklaw.com/arizona-bankruptcy-articles/home-foreclosures/