Stop Foreclosure

We Stop Mortgage Foreclosures!

If you are more than 60 days behind on your mortgage and the lender is threatening to foreclose, you can use a Chapter 13 bankruptcy to stop the mortgage company from foreclosing on your house and force them to accept your delinquent payments over a lengthy period of time in order to get current. (You still have to make all of the regular payments).

While negotiating a loan modification or a refinance might work to keep you in your house, we have found that, in many cases, mortgage companies will put you “through the ringer”, spending weeks and months demanding that you give them form after form (and sometimes the same form 3, 4 or 5 times) only to turn you down a day before (or sometimes even after) they schedule a foreclosure sale.  In the meantime they continue to charge you late fees and high interest rates.  Then, after turning you down, they leave you scrambling, trying to save your house with no place to turn.

If you want to avoid this scenario, there is only one way that is legally guaranteed to stop a scheduled foreclosure sale — a Chapter 13 bankruptcy.  However, in order to get the results that you are looking for, you must FILE your Chapter 13 CASE BEFORE the Sheriff’s sale.  Thus, timing is essential!!

Once you file a Chapter 13 you can force your mortgage company to accept your past due payments in small increments over a five year period — as long as you continue to make your regular payments.  Thus, if you fell behind because of an emergency that temporarily disrupted your cash flow (such as a layoff, a medical emergency or a short term job loss), filing a Chapter 13 will allow you the time that you need to get back on your feet and keep your home.  At the same time you will get the other benefits of a Chapter 13 — including being able to get rid of most, if not all, of your credit card debt.

So, if you live in the Metro Detroit Area and want to save your home from a mortgage foreclosure, please call us today at 248-417-9800 or contact us online to set up an appointment for a FREE, no obligation, confidential consultation to discuss your financial situation and your pending foreclosure, and to get the process started by crafting a plan that reflects your specific financial goals.  Waiting is not going to make the problem go away — it will just make it worse.  That’s why we urge you to call us RIGHT NOW — so that you can get avoid foreclosure “fresh start” that you deserve — as soon as possible.  Our phone lines are available 24 hours a day, so CALL US NOW at 248-417-9800.  We look forward to hearing from you!

We Stop Property Tax Foreclosures!

Do you have outstanding property taxes owing from 2016 or 2017?

Is the government threatening to take your house or real property through a property tax foreclosure?

If you answered “YES” to any of these questions – we can help!

In Michigan, there is a three (3) year process for real property tax forfeitures and foreclosures.

Depending upon the municipality, winter property taxes are usually billed on December 1st and are due sometime in February.  Summer property taxes are usually billed on July 1st and are due sometime in August.  If the property taxes are unpaid, the government usually charges 1% interest per month.  Through the end of February of the year after the taxes are billed (meaning July or December), the taxes can be paid to the local government.

Starting on March 1st of the year after the taxes are billed, the taxes become “delinquent” — at which time you are charged a 4% administrative fee (plus interest at 1% per month), and the taxes can only be paid to the county.  If the taxes are still not paid by the following March (the second year after they are billed), the property is “forfeited” to the County Treasurer and the monthly interest rate increases from 1% to 1.5%.  If the taxes are still not paid by the following February (the third year after they are billed), the Circuit Court will hold a hearing and a judge will sign a tax foreclosure order that gives the property owner until March 31st to redeem the property by repaying all of the back taxes — with interest and fees.  If the money due is not paid by March 31st, the property owner loses all of his or her interest in their property and can then be evicted.

BOTTOM LINE:  This means that if you still owe 2016 summer or winter property taxes, you have until March 31, 2019 to pay them in full or you will lose your property forever.

HOW TO AVOID LOSING YOUR PROPERTY

What if I don’t have the money?  Is there any way to save my property?

If you don’t have the money to pay all of your delinquent property taxes and save your home from a tax foreclosure, there is only one way that is legally guaranteed to prevent it — a Chapter 13 bankruptcy.  However, in order to get the results that you are looking for, you must FILE your Chapter 13 CASE BEFORE YOU LOSE THE PROPERTY.  Thus, timing is essential!!

Once you file a Chapter 13 you can force the government to accept your past due tax payments in small increments over a five-year period — as long as you continue to make your regular payments.  This means that, if you fell behind because of an emergency that temporarily disrupted your cash flow (such as a layoff, a medical emergency or a short term job loss), filing a Chapter 13 will allow you the time that you need to get back on your feet and keep your home or property.  At the same time you will get the other benefits of a Chapter 13 — including being able to get rid of most, if not all, of your credit card debt.

So, if you live in the Metro Detroit Area and want to avoid losing your home or property through a tax foreclosure, please CALL US TODAY at 248-417-9800 or contact us online to set up an appointment for a FREE, no obligation, confidential consultation to discuss your financial situation and your pending foreclosure, and to get the process started by crafting a plan that reflects your specific financial goals.

Waiting is not going to make the problem go away — it will just make it worse.  That’s why we urge you to call us RIGHT NOW — so that you can get avoid losing your property and, instead, get the “fresh start” that you deserve — as soon as possible.  Our phone lines are available 24 hours a day, so CALL US NOW at 248-417-9800.  We look forward to hearing from you!

Contact Us