Can Debstoppers help you avoid foreclosure?
Find out if you qualify today!Debtstoppers has helped thousands of people defend their homes from foreclosure.
Foreclosure can happen faster than you think. If you fall behind on payments you need to act fast to save your home.
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Debtstoppers can stop foreclosure and save your home!
After a delinquency period, usually 90 days, the lender will send a notice of default informing you that you are in danger of foreclosure. The further behind you fall on payments, the harder it is to save your house, but the right lawyer can help you avoid foreclosure.
For most people, their home is their most important asset, and the thought of losing it is devastating. If you are behind on your mortgage payments, what you do next can make the difference between saving your home and losing it to foreclosure. Once you receive foreclosure papers, you need to act quickly. If you don't, you can lose your home.
Under Chapter 13 bankruptcy, Debtstoppers can help you reorgaizne your debt into a manageable repayment plan, including low monthly payments that allow you to keep your home. To learn more, schedule a consultation now with one of our experienced bankruptcy attorneys who can help you understand your options, avoid foreclosure and save your home!
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They're pretty great. 2020 had me down and out, constantly punching up. I would get ahead and then get pushed down a bit further. Reduced work hours and days helped bills to pile up. Reached a moment when I needed them and they were immediate. As far as I know, I'm still waiting for a few loan places to even respond to me. These guys worked fast
I have been struggling to pay my bills for the last few years. The thought of bankruptcy made me ashamed. One phone call and a discussion put my mind at ease. This stress is NOT worth the rest of my life. I have been making myself sick with worry, thinking there was just no solution. I now know this nightmare will be over in a few months and I can pay my mortgage and enjoy my life a bit more. I’ve been able to breathe easier thanks to the empathy and caring people at DebtStoppers. I owe them each a huge debt of gratitude.
Filing bankruptcy was a very hard decision but one that health wise had to be made. Debt stoppers made it the easiest part of my life! Thank you all so much for all you did 😊
Debt stoppers was the best choice I could have possibly made for my chapter 7 filing! They were knowledgeable, helpful and attentive to my needs & answered all of my questions & responded quickly to every email I sent even after my case was discharged. Can't recommend them enough!!
4000$. Debts in city tickets and a vehicle accident, my driver license was being suspended for payments, I filed now I’m good. Thanks to Debt stoppers.
This is my first time filing, was skeptical, but then I remembered my sister used them 12yrs ago & it worked out for her so here i am, my experience with the staff was very pleasant they was on top of their game. I'm glad I went for help, and help they did. So I thank you all so much
Thus far my experience with Debtstoppers has been very positive. Every attorney or paralegal that I have spoken with had been professional, knowledgeable, and very helpful. I look forward to a continuing fruitful experience.
Went to debt stoppers on a referral, and it was honestly the best decision I made for my financial sanity. Everyone is helpful and knowledgeable and the process is painless. Just gather all your paperwork and go see them to make your life less stressful and get a fresh start. I probably would have done it sooner had I'd known the simplicity.
Foreclosure is the legal action your lender uses to take back your home when you can't pay your mortgage on time. Under the terms of your contract, the home loan was secured by your home. This means that if you default by not paying on time, the lender can take possession.
Illinois requires judicial foreclosure, which means that your bank has to conduct the proceedings through a court. Your lender's lawyers will file a legal document called a complaint in the court, and a judge will make a decision about if the bank can foreclose on your home.
Most mortgage payments are due on the first of the month, but banks typically allow a grace period of 10 to 15 days. Once you pass that 15-day deadline, your lender will usually start turning up the heat.
Typically, the bank will try to get you to pay without involving the lawyers for at least 90 days after your payment is due. They'll start with friendly reminder letters, but towards the end of this period, you'll probably be getting threatening messages and phone calls.
After 90 days, things get dire:
You've probably seen or heard a dozen different "tricks" to stop a foreclosure. Unfortunately, many of these options are scams. Even some legitimate choices don't actually provide the financial relief you need to afford your payments. Our experienced DebtStoppers lawyers are committed to helping Illinois homeowners avoid manipulation and keep the houses they worked so hard to buy.
Unfortunately, you have to watch out for predators and criminals in Illinois looking to take advantage of people who are desperate to keep their homes. Here are a few common scams you should avoid at all costs:
Third-party mortgage modification companies Foreclosure "rescue specialists." Debt settlement companies
These people are not trying to help you; they're trying to rip you off. It's essential to remember that only experienced bankruptcy lawyers can stop the foreclosure process once it has started.
You can also try negotiating a loan modification with your lender. Unfortunately, there are a few problems with this solution. First, Illinois banks rarely agree to modify the terms of your mortgage. And even if they do, you'll likely fall behind on payments again because mortgage modification does nothing to address all of your other forms of debt.
Exempt assets, such as a certain amount of equity in a primary residence, personal belongings, retirement accounts, and tools of the trade, are protected from liquidation up to certain limits.
An Illinois Chapter 13 bankruptcy is your best option for avoiding foreclosure and keeping your house. While you'll still have to pay your mortgage, Chapter 13 allows you to eliminate about 90% of your other debt, significantly reducing your monthly payments.
Even if the bank’s lawyers have already initiated proceedings, it's not too late to let Chapter 13 do its magic. The minute your lawyers file your bankruptcy petition in Illinois, the process stops immediately. The court will also order all of your creditors to stop trying to collect money from you or even calling you.
You're allowed to remain in your home until the process is completed. Once you reach the sale date, you can move out voluntarily or wait until the new property owner evicts you. An eviction can cause even more damage to your credit on top of the hit you're already facing.
The best option for you, your family, and your credit is to prevent the bank from foreclosing on you in the first place with a DebtStoppers Illinois Chapter 13 bankruptcy plan. Our experienced foreclosure defense attorneys can help you restructure your debt into a monthly repayment plan you can actually afford. Contact us today at 312-913-0630 to schedule a free one-on-one consultation with one of our experienced Chicago bankruptcy lawyers.
DebtStoppers lawyers can help you save your home in Rockford, Springfield, Lake County, Naperville, or elsewhere in the Chicago area. Call or text DebtStoppers today at 312-913-0630.