Posted On: October 21, 2010

How Can I Save My Home from Foreclosure?

A Sacramento bankruptcy attorney

A foreclosure usually results when the borrower defaults on payments pursuant to the home loan. Once the borrower is in foreclosure a borrower may be able to prevent foreclosure if it pays the amount of the default plus foreclosure fees. If the borrower cannot make up the delinquency home loan modification should be explored. However if the modification process is taking too long or is not available a borrower may use Chapter 13.

A Chapter 13 allows for a borrower to cure the deficiency over 3-5 years. Chapter 13 filers opting to save their homes usually choose the 5 year plan in order to spread out the delinquency for a longer term and have a plan payment that meets their budget. Bankruptcies filed in the San Diego, Los Angeles, San Francisco areas allow for the filer to either pay the ongoing home payment directly to the lender or to their Chapter 13. Sacramento requires the ongoing home loan payment to the trustee.

If the Chapter 13 debtor makes all payments then the delinquency is cured and the home should not be able to be foreclosed on.

If you would like more information on this topic or other bankruptcy topics, please contact our Sacramento office at 916.792.6025 or . We at Bankruptcy Law Firm can connect you with one our our experienced Sacramento bankruptcy attorneys. We have bankruptcy attorneys located throughout California and Oregon to assist you with your bankruptcy questions. If you need assistance regarding a Chapter 7 bankruptcy, a Chapter 11 bankruptcy, a Chapter 13 bankruptcy, bankruptcy litigation, legal debt settlement, mortgage modification, lien stripping, a cram down, stopping a foreclosure or wage garnishment, asset protection, discharging debt, etc. we can help! Please contact us to receive a free consultation or visit our website at to request an in-person consultation with an experienced bankruptcy attorney. We have an exceptional team of bankruptcy lawyers, bankruptcy client care specialists and bankruptcy staff supporting Sacramento.

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