Many people consider their houses their primary asset. They have worked hard to save and purchase a place of their own. So if you are facing foreclosure, you may feel helpless to protect the one place you can call "home."
When you need help to save your home from foreclosure, you can contact me, attorney Paul V. Moyer. As an Orlando foreclosure defense lawyer, I help people throughout the Orlando city metro and surrounding communities file for consumer bankruptcy. Whether you have merely fallen behind on your mortgage or have serious debt problems, I use my skills to help you protect what matters most to you.
As a Florida bankruptcy attorney, I help people determine their eligibility for Chapter 7 or Chapter 13 bankruptcy. In terms of foreclosure defense, Chapter 13 is often the best option as it can allow you to eliminate and remove a second mortgage, home equity loan from your debt repayment plan. If the court approves of your plan, Chapter 13 will stop foreclosure proceedings.
Another option is mortgage modification. There are several federally sponsored programs that may permit you to change the terms of your mortgage (lower interest rate, longer term) to lower your payment. These programs do not usually reduce the amount that you owe. However, if your home has sufficient value, and the payments can be reduced to the goal sought (about 33% of income), then you may be a candidate for modification.
Under Florida law, those who qualify for Chapter 7 bankruptcy can prevent foreclosure only under the "homestead exemption." This means that you must come current on your mortgage and continue to make mortgage payments during bankruptcy and once the bankruptcy is complete. If you cannot, I can help you explore alternative housing options so that you can concentrate on regaining control of your finances.
I handle all bankruptcies on a case-by-case basis. Throughout the entire process, I will work one on one with you to explore what's best for your unique situation. Using my knowledge of both state and federal statutes regarding foreclosure, I will help you set realistic expectations and make informed decisions.
Filing for bankruptcy is often one of the best ways to retain control of your finances to prevent foreclosure or stop it altogether. To learn more about your options for foreclosure defense, contact my office by calling locally at 407-774-5230 or toll free at 888-592-1841 to schedule a free initial consultation. I offer payment plans only under certain circumstances for Chapter 13 bankruptcies.
My firm has been designated as a debt relief agency. I help people file for bankruptcy under the United States Bankruptcy Code.