Birmingham Loan Modification Attorneys
The housing crisis has stretched throughout the country and homeowners in Alabama are facing increasing amounts of financial pressure. In many cases, homeowners have fallen behind on mortgage payments and are unable to stay current, leading to the threat of foreclosure. If you have high monthly payments, little to no income and your home is not worth your mortgage, it is important to take action as soon as possible.
At the Birmingham law firm of Gina H. McDonald & Associates, our firm is dedicated to helping individuals find solutions to mortgage loans debts in Alabama. These problems have solutions, and an experienced bankruptcy lawyer can help. Whether through Chapter 7 bankruptcy or Chapter 13 bankruptcy, mortgage loans may be dealt with in a manner that is effective and may even be able to help you keep your home.
Birmingham Mortgage Loans in Bankruptcy
Every situation is different, and every person and family needs to deal with that situation in a different way. In some cases, it makes sense for a person to find a way to keep his or her house, if they can afford to make some of the payments. In other cases, it makes more sense to let go of a home in order to protect long-term financial goals.
If the house does not have any equity — or has negative equity — it may be better for the homeowner to rent instead of struggling to make monthly payments to stay in a house that is owned by the bank. Of course, it is your call. As your attorney, we will walk you through your options and work hard to help you reach your goal.
Mortgage Loans and Bankruptcy in Alabama
Schedule an appointment and talk with one of our experienced lawyers about mortgage and bankruptcy. We have offices in Birmingham and Oneonta. Contact our firm by e-mail or by calling us toll free at 888-412-9047.