Washington, D.C. Foreclosure Attorneys
Due to the subprime mortgage debacle, more and more Americans are facing foreclosure. Contrary to what many homeowners are told, there ARE legal options available for avoiding or challenging the loss of your house. At the law office of Ammerman & Goldberg, our attorneys help people keep their homes through allowances within bankruptcy laws that enable you to reorganize debt and prevent banks from foreclosing on your house. Even if you have fallen behind on mortgage payments, filing for bankruptcy can stop foreclosure AND help you gain control over spiraling credit card debt. Additionally, once you file for bankruptcy, collection agencies and banks must contact our office and leave you alone.
If you can no longer make payments on your house or are facing foreclosure, contact bankruptcy lawyers at Ammerman & Goldberg today for a free phone consultation.
Reasons for Foreclosure
The law office of Ammerman & Goldberg often helps clients avoid foreclosure in cases involving:
- Variable/adjustable rate mortgages
- Interest-only mortgages
- Teaser rates
- Illness or job loss
Stopping Foreclosure - Filing for Chapter 13 Bankruptcy
Filing for bankruptcy under Chapter 13 allows you to restructure your debt. While you will be required to make payments on your house and credit card debt according to a plan agreed to by your creditors, you will not lose your home. In general, under Chapter 13 you will be required to pay back 80%-100% of what you owe over the course of 3 to 5 years. If you keep current on your restructured mortgage payments during this time, you can avoid foreclosure and re-establish your credit.
We Understand How to Make Bankruptcy Work for You
The stigma attached to bankruptcy often deters people from considering it as an option when debt starts spiraling out of control. As a law firm focused exclusively on bankruptcy, we understand how allowances within the law work to your advantage. Our attorneys are members of the National Association of Bankruptcy Attorneys, an organization committed to bankruptcy laws and consumer protection.
To schedule a free consultation, contact bankruptcy lawyers at Ammerman & Goldberg today.
