Home Foreclosure Attorney in New Brighton, MN

Home Foreclosure Overview

Home Foreclosure

Homes aren’t just assets; they are a symbol of family unity and security. That is why the risk of losing a home to foreclosure is such an alarming prospect for an increasing number of Minnesota families struggling with debt.

At Prescott & Pearson, P.A., we help families in the Twin Cities area explore their options to save their homes from foreclosure, or at least to buy valuable time when saving their home is not a realistic possibility. These options can include:

• Chapter 7 bankruptcy: Chapter 7 bankruptcy is worth considering if you are struggling with debt, but have managed to stay current on mortgage payments. It can eliminate credit card debt and other liabilities so that you can focus on continuing to make your home payment.
• Chapter 13 bankruptcy: This bankruptcy option is usually the best way to save a home from foreclosure, because it allows you to obtain a new, more manageable three- to five-year debt repayment plan.
• Short sales: Sometimes, it is best to cut your losses and arrange a short sale of your home. You can expect honest and straightforward advice from our firm if we feel this is your best option.
• Deeds in lieu of foreclosure: These deeds can often allow you to leave your home with money to spare. If this is a good option for your situation, we will explain and guide you through the process.

Whether you seek to immediately end foreclosure proceedings or just learn more about your options, our experienced bankruptcy lawyers can help. Call us at 615-968-8096 or toll-free at 888-366-0827 to schedule a free consultation at our New Brighton office.

Other Frequent Case Types

• Chapter 13 Bankruptcy in New Brighton, MN
• Chapter 7 Bankruptcy in New Brighton, MN

Areas of Practice

• Bankruptcy Law
• Foreclosure