If Your Home Is Up For Foreclosure.............

If your home is up for foreclosure then it is a matter of public record - which means that other people will know that your home is up for foreclosure.

If this is the case with you then you may start to receive mail offering help with your foreclosure and a lot of this mail will be coming from lawyers who will be soliciting you for business.

Here is an example of such a mailing:

Dear (Homeowner),

Court records indicate that your home at......is scheduled to be sold at sheriff sale on ........You are probably genuinely concerned about how to save your residence and solve debt problems. Rather than suffer the loss of your property, consider taking advantage of the protection Congress has made available to you by filing a Chapter 13 Bankruptcy Petition under Title 11 of the United States Bankruptcy Code, or perhaps we may be able to assist you with an alternative solution such as refinancing, state court remedies or negotiations.

You are in real danger of losing your property if you do not act. If you qualify, we can help you:

1. Save your home and stop foreclosure proceedings!

2. Solve your present financial difficulties!

3. Stop persistent collection efforts and creditor calls!

4. Stop wage attachments and court actions against you!

5. Stop utility shut-offs or have your utilities service restored!
6. Stop IRS collection and levies!
7. Stop repossessions and pay only the value of your car through the Plan.
8. Reduce or eliminate credit card debt, utility bills and medical bills

Please call today

Chapter 13 is an effective way to save your property from Sheriff's Sale and put an end to the torment of debt.

If you filed Chapter 13 or a Chapter 7 case in the past, and your case was dismissed or discharged, it is possible that you may be able to use Chapter 13 to save your property.

If you would like more information on how a Chapter 13 or Chapter 7 Petition can help you achieve financial peace of mind, please call our law office at......for a free consultation. Court deadlines are strictly enforced, therefore, do not delay, call us today. We have highly trained and dedicated staff who are ready to serve you.

We are a debt relief agency. We help people file for relief under the Bankruptcy Code.

Very truly yours,

.....Esquire

Now remember, the above mailing solicitation is from a legal firm or lawyer who has read or seen that your property is currently in foreclosure and they are sending you this mailing because they have read it.

If you can not afford a lawyer then you should try to find out if there is free legal help available in your area.

You should be very wary of these kinds of solicitations if you get them and you should seek out more legitimate ways of finding help to help you save your home from foreclosure.

I do realize that there may be some of you that do not have a lawyer and in that case you should seek out help from a legitimate lawyer referral agency - which you should be able to find in your local yellow pages.

Ok, lets start with some basics first!

If you own your home but don't own it free and clear then you probably have a loan or mortgage on your house. You may also have another form of "mortgage" on your home called an equity line of credit.

Regardless of what it is called, you have a monthly payment that you have to make on the debt that you have on your property. In a lot of cases this is called a mortgage.

Now as long as you are able to make your monthly payments then you are doing fine! It's when you start to have trouble making these monthly payments that you start to get in trouble. If you are having trouble making these monthly payments and/or you stop making the monthly payments then that is when you start to get in real trouble! That is when the company that you are making these payments to can foreclose on your property to satisfy the debt that you owe to them.

Now each area is different in the kinds of foreclosure laws that they have. And while it may seem like something that you would rather not know you should check and see what the foreclosure laws are in your area.

If you are late with your payments or are having trouble with making your payments then you should contact your mortgage company. Although a lot of people don't want to do this because they fear they will make a bad situation worse - it is better to get in contact with them and let them know of your circumstances! Sometimes you may be able to negotiate a better compromise with them - but you will never know that unless you contact them first and talk with them!

Some states give you some time before your property is actually foreclosed on - meaning that you will have some time to get the money to bring your payments back up to current. But again you should check your own state to see what the foreclosure laws are in your area.

You may have more time (and more options) than you think!