Catching Up on Your Mortgage: Know Your Rights and Options
Millions of Americans have fallen behind on bills, including mortgage payments, during this recession and economic crises. For most people, a setback, including a lost job or an unemployed spouse, divorce or even a serious injury, could have been the last straw that leaves them in arrears and desperately searching for a financial solution. Richard Croak is an experienced attorney focused on helping clients achieve debt relief through bankruptcy and alternatives to bankruptcy.
Protect your security and your rights. Contact attorney Richard Croak today by calling 518-213-3359 or contact the office by e-mail.
Mortgage Reduction Through Negotiations
A Chapter 13 bankruptcy allows you to restructure your loans and debts when you are in a challenging financial situation. When you are unable to pay your mortgage, a government program may allow you to defer payments, spread payments over a number of months or reduce debt through negotiations. Richard Croak has extensive experience working with lenders and can help you reorganize your debt. It is important to work with an attorney before you sign off on an agreement — you may end up facing balloon payments at an unexpected time or agree to a change you are not aware of.
Mortgage Refinance and Alternatives to Bankruptcy
Individuals can pursue various options to refinance their mortgages, but in order to successfully refinance, they must organize their financial information, write letters explaining their hardship, fill out complicated paperwork and interact with officials in the government or in the bank. Without someone who understands the process, they are likely to make mistakes that could cost them their home. They may also sign a new mortgage agreement that contains unfavorable terms.
An attorney can make the process simpler and help the client avoid common pitfalls. Richard Croak, Attorney at Law, provides efficient services to take care of all the client's needs. In addition, when clients are unable to refinance their mortgages, the law firm can help them make a smooth transfer into bankruptcy court where they can avoid foreclosure.
For more information about bankruptcy options and your rights, please contact lawyer Richard Croak at his Albany, New York, office for an initial consultation by calling 518-213-3359.
"We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code."
