Stop Foreclosure Lawyer in Baton Rouge, LA

Stop Foreclosure Overview

Bankruptcy and Foreclosure

When you are struggling to make your mortgage payment, or simply just cannot afford to do so, it may be time to consult an attorney about your options. Whether a loan modification may be the right solution or a discussion about filing for bankruptcy protection may better suit your needs, the lawyers at Derren S. Johnson & Associates, have experience working to stop foreclosure in the Baton Rouge, Louisiana, area.

If you are afraid of losing your home, have received a notice of foreclosure or a date for a sheriff' s sale has been set, don' t wait until the last minute to act.

Many people believe that a pending loan modification will stop a foreclosure action, but this is not true. Until a loan modification has been approved, in writing, your mortgage debt continues to accrue, you may be falling further behind if you are not making payments and there is still a very likely possibility that may still lose your home. It is possible to pursue bankruptcy protection at the same time you are pursuing a loan modification.

Bankruptcy may sound scary at first, but for many people, it may be the solution to your financial problems. There are different types of bankruptcy protection available; often those who are at risk of losing their home to foreclosure are able to save the house through a Chapter 13 bankruptcy. A Chapter 13 bankruptcy allows you to reorganize your debt so that you are able to pay it off over a period of years instead of watching property such as your home or car be repossessed.

Chapter 13 bankruptcy does not affect your eligibility for a loan modification. It is possible that a Chapter 13 filing may convince your lender to work toward modification of your existing mortgage. A bankruptcy filing shows them you are prepared to take serious action to improve your financial condition and that you are serious about staying in your home.

The most important step you can take is to talk to an experienced attorney as soon as you fear that you may lose your home or have received a notice of foreclosure. Do not wait for the date to be set for the sheriff' s sale.

You can pursue a loan modification and consider your options for bankruptcy relief at the same time. Contact us at 225-389-9616. Our lawyers offer free and confidential consultations.

Other Frequent Case Types

• Denied Social Security Claims in Baton Rouge, LA
• Social Security Disability Claims in Baton Rouge, LA

Areas of Practice

• Stop Foreclosure
• Foreclosure & Alternatives
• Bankruptcy