Foreclosure Sales in Jefferson County, MO
When you are facing a foreclosure on your home in Jefferson County, Missouri, you basically have two options: 1) you can simply allow the loan to be foreclosed upon, and lose your home; or 2) you can file a Jefferson County Chapter 13 bankruptcy. So the main question to answer is whether or not you want to keep your residence safe. If so, then filing a Chapter 13 is probably your best bet.
A Jefferson County Chapter 13 stops a foreclosure sale from going through, and allows you to repay the amount you have fallen behind on over a number of years. This is much easier than having to come up with a lump sum all at once to bring the arrearage current. Once the case is filed, the rest of your debts are consolidated into one, easy monthly payment. As a result, your financial problems are reduced to a more manageable repayment plan.
More often than not, your home is the most precious (and valuable) asset you own. And for most people, it is the place in which their family gathers for special occasions, children are raised, and is where you feel the greatest level of protection and pride. Keeping this asset safe, therefore, can be the paramount objective. The affordable Jefferson County, Missouri, bankruptcy lawyers at The Law Office of Jennifer Alter-Rieken understand these feelings completely. Our goal is to make sure that your residence is kept safe, and out of the hands of your creditors. In addition, a Chapter 13 can strip off a second mortgage, cram down balance of your car loan to the actual fair market value of the automobile (which can reduce the amount you owe by thousands of dollars), and uses a much lower interest rate on secured debts.
The initial consultation to discuss your options regarding foreclosure and bankruptcy is free of charge. So contact us today to learn more!!