Is your mortgage just too high?
Have you fallen behind in mortgage payments?
Are you facing foreclosure?
Are you afraid of losing your home?

Job loss, health issues and other changes in circumstances can make it hard to keep up with monthly expenses such as mortgage payments. Unfortunately, once you get behind, it is hard to catch up. Non-payment of bills can have serious consequences. If you are significantly behind in your mortgage payments, your mortgage holder may try to foreclose on your home.

What is foreclosure?

When you borrowed the money to buy your home or refinanced your home, you used your home as collateral to guarantee your payment. When you miss payments, your lender has the legal right to use your home to pay your debt.

What are the consequences of foreclosure?

When foreclosure occurs, you must move out of your home. Foreclosures may seriously affect your credit.

What can I do to avoid foreclosure?

Because of the poor economy, foreclosures in the U.S. are hitting record numbers. Almost 500,000 Missouri residents are facing foreclosure. If you’re having trouble paying your mortgage, there are steps you can take to avoid foreclosure.

Talk to an attorney
.

If you are facing foreclosure, our bankruptcy attorneys  may be able to help. We can:

  • Explain your options so that you can make an informed decision.
  • Determine if bankruptcy is right for you and help you through the bankruptcy process. If foreclosure is imminent, Chapter 13 bankruptcy may help you save your home. Filing bankruptcy provides an automatic stay on all foreclosure and debt collection proceedings. 

You can stop foreclosure! If you are facing foreclosure or are considering filing bankruptcy, contact our attorneys at Licker Law Firm at (636) 916-5400. When you call, request our free book: Everything You Need To Know About Bankruptcy. This book explains the bankruptcy process and how it can help you get back on your financial feet.