Can Bankruptcy Stop Foreclosure on Your Las Vegas Home
If you live in Las Vegas, you’ve probably noticed the vast amounts of homes in and around your neighborhood in foreclosure. Unfortunately, an inflated real estate market, combined with unscrupulous mortgage lenders, contributed to what is now the worst housing slump in history. The real victims are the homeowners, who are facing high prepayment penalties and rising interest rates, while their home values decline.
If you live in Las Vegas and want to stop foreclosure on your house, we can help. Our Las Vegas bankruptcy lawyers can advise you on how an individual Chapter 13 bankruptcy filing can help stop foreclosure on your home. Once you file your bankruptcy case, an “automatic stay” will (in most instances) immediately go into effect, which will temporarily stop the foreclosure, along with all other collection actions. With this automatic stay in place, we’ll help you work out a Chapter 13 repayment plan, which will allow you to repay your mortgage on terms that are easier for you.
Call us at 702-903-1208 right away to stop foreclosure on your Las Vegas home. If you are calling from within Nevada, you can also reach us at 702-903-1208. You’ll benefit the most from a bankruptcy filing if your case is filed before the sale date of your home, so don’t delay. We can help save your home and get your financial life back on track.