If you’re behind on your mortgage and considering bankruptcy, it’s a good idea to talk to an attorney first and understand all your options.
While the mortgage company can’t just come and take your house, notifying them that you’re considering bankruptcy may change their willingness to work with you to cure a default or late payment.
Professionals who work in bankruptcy and foreclosure have a sense for how a given mortgage lender tends to deal with its customers, and can advise you of your best strategy in light of your entire financial picture.
Bankruptcy may make it easy to get caught up on late mortgage payments by clearing away credit card and other unsecured debt.
Or you may be considering surrendering your house as part of the filing.
Both have huge implications for your financial future.
Call the attorneys at Zelenitz, Shapiro & D’Agostino today at 718-599-1111 for a free consultation with an experienced bankruptcy and foreclosure attorney.