Foreclosure Lawyer Serving Savannah
Stop the Foreclosure on Your Home Through Bankruptcy
If you’ve fallen behind on your home mortgage, a Chapter 13 bankruptcy may be the best way to give you the opportunity to catch up on your delinquent mortgage payments. The cost of housing in Savannah and the surrounding areas has increased over the past several years and, in many cases, your monthly mortgage payment may be less than the cost of renting an apartment. Bankruptcy can help you keep your house and get you current with your lender.
If you need legal counsel regarding how to save your home through bankruptcy, we highly recommend that you call on the Law Offices of Mark A. Bandy, PC. Backed by more than 20 years of practice that has concentrated primarily on bankruptcy solutions, our attorney has vast knowledge of the state and federal laws governing this action. Attorney Bandy can help you understand the procedures, what to expect, and can help you come up with a bankruptcy plan tailored to your needs and goals. We will work hard to pursue an affordable monthly repayment plan through a Chapter 13 filing that is in your best interests.
Chapter 13 Bankruptcy & Foreclosure
If you believe your lender may be about to foreclose on your home but you are not certain, it is vital that you take action. Call your mortgage lender to find out from them directly the status of your loan. Ask specifically whether your mortgage has been referred to an attorney for foreclosure. Our firm has found that clients will often believe that they are in the process of a loan modification with their lender when, in fact, another department in the mortgage company is simultaneously taking action to foreclose.
Once you file for a Chapter 13 bankruptcy, the court will issue an “automatic stay,” that prohibits all creditors from continuing their collection efforts. This stay also stops the foreclosure process. A Chapter 13 bankruptcy allows you to repay your mortgage delinquencies through the bankruptcy court in one affordable monthly payment over a three to five year payment plan. This allows you to catch up on your mortgage arrears. However, during that time you will have to also resume making your regular monthly mortgage payments.
Catching up on your mortgage arrears is done through your bankruptcy trustee who will forward your payment to your lender. The bankruptcy trustee is appointed by the court to supervise the administration of your repayment plan for as long as it has been set. Once the plan has been completed, you should be back in control of your finances.
Time Is of the Essence – Call the Law Offices of Mark A. Bandy, PC
When facing the prospect of a foreclosure on your home, it is essential that you do not wait until the last minute to contact us. Foreclosures in Georgia occur on the first Tuesday every month; if you wait until the Monday before your scheduled foreclosure the next day, you will need an emergency bankruptcy petition. This will generally result in a substantial upfront fee to handle this extra complication. Contacting us at least two to three weeks earlier will generally result in an avoidance of additional large upfront fees. We're ready to help. Contact our Savanah bankruptcy attorney today!
Talk to our Savannah foreclosure attorney at (912) 331-4501 to get started today.
If you are in a bad place financially, have lost all hope, and feel there is no one out there to turn to, then please reach out to Mr. Bandy before you make any other decisions. He will get you the relief and guidance you are looking for.- Crystal
He helped us stay calm and positive throughout the whole experience.- Faith
He answered all my questions and made the whole situation go smoothly.- J.C.
Mark was very patient with my questions, answered them thoroughly and his recommendations were accurate and proved true.- M.A.
After reaching out to Mark my initial apprehension was immediately put to rest. Mark is very understanding and broke the process down in its most simple terms.- Ben
Flexible & Affordable
We offer free consultations, weekend, after-hour, and virtual appointments for your convenience.
We are accessible to our clients and are here to answer all questions throughout the process.
When you retain us you can rest assure you will receive excellent representation and the best possible outcome.
Attorney Mark A. Bandy has over 20 years of experience successfully handling bankruptcy filings in Savanna.