Stop Foreclosures on Your Home in New Hampshire
There may be nothing scarier than the thought of a home foreclosure. Losing the roof over your head and the place your family calls home can affect every aspect of your life. When financial times are rough and losing your home is a possibility, you need to know how to stop a home foreclosure and who to turn to for help. The Law Office of Joseph M. Annutto in Nashua New Hampshire can be your source for advice and representation during what may be the most difficult time in your life.
Have You Received a Letter of Foreclosure?
It is important to act quickly if you have been served with a certified letter of foreclosure or if you are behind in your mortgage payments. The first and easiest option to stop a home foreclosure is to work with your lender. You may be able to negotiate a plan to pay back the past due mortgage and fees. You may also qualify for a loan modification. This can either result in lower and more manageable payments or a lower interest rate. If you are approved, it may be easier to keep up with the mortgage while you work to regain stable financial footing.
How to Stop Foreclosure
Bankruptcy is another way to stop home foreclosure. Filing for Chapter 13 is one tool that will allow you to stay in your home and put an end to any foreclosure filing. This type of bankruptcy will give you three to five years to pay back due debt, including mortgage payments. It is an approved payment plan to deal with all of your debt while you get to keep your home. Chapter 7 is another option to stop home foreclosure. However, you may still have to give up your home but it will temporarily halt the foreclosure process. This can give you time to make the necessary preparations or regain some stability in other areas.
Regardless of which option you choose or which one is best for your situation, you need to act quickly. Foreclosure can happen quickly in New Hampshire and you need to understand the process and your rights before it is too late to react. Attorney Joseph M. Annutto can put a stop to the foreclosure and help you get back on track with your finances. We know this may be the most stressful and difficult time in your life. Let us be the clear-headed and knowledgeable source of support and guidance you need to stop a home foreclosure.