Home foreclosure can be an overwhelming prospect for anyone to face, whether they’ve lived in their home for only a few months or it has been in their family for generations. Aside from the loss of your most important possession, home foreclosure can also place a serious stain on your financial record that may take decades to recover from. For these reasons, attorney Ryan J. Ruehle, LLC, knows how important stopping foreclosure is for people in Cincinnati dealing with this situation.
There are a number of things that may be done to stop foreclosure, depending on the circumstances in which a homeowner finds him or herself. An attorney can help you to more fully understand what steps you may be able to take, which can include filing for bankruptcy, mortgage modification, and more.
Using Bankruptcy to Stop Foreclosure
One of the most important ways that an individual can stop the home foreclosure process is by filing for bankruptcy. This can help by:
- Placing an automatic stay on foreclosure while the bankruptcy process is ongoing
- Giving debtors the time to make back payments on their mortgage
- Chapter 13 bankruptcy can allow debtors to create an affordable repayment plan to keep their homes
In addition to pursuing bankruptcy, there may also be other alternatives that debtors can pursue to help delay or prevent foreclosure from taking place.
Contact a Foreclosure Lawyer in Cincinnati
If you are at risk of home foreclosure, attorney Ryan J. Ruehle, LLC, can help you to protect your rights and interests under the law in this tough situation. With his guidance, you may be able to keep your home and work on getting back to a secure financial situation. Call our offices at (513) 621-0999 today to discuss your situation and how we can help.