When most people buy a home, they buy as much home as they can afford. Figuring over time, their income will go up, and the monthly payment will be easier to make. As we have seen over the last six years, this can be a bad assumption. Incomes have stagnated, and home prices have dropped. This leads to an explosion of foreclosures, and leaves many people fighting to keep their portion of the American dream.
Here at Croke & Croke, S.C., we can help you stay in your home by filing Chapter 13 Bankruptcy. Chapter 13 Bankruptcy allows you to repay what you are behind on your loan, taxes, or association fees, while protecting you from foreclosure, evictions, and land seizures. In addition, Chapter 13 Bankruptcy will consolidate and discharge a portion of your other debts. One simple payment to save your house and consolidate your other debts.
The Bankruptcy Court located in Milwaukee, Wisconsin has begun a program to help individuals get modifications through a Chapter 13 Bankruptcy. The program is called Mortgage Modification Mediation (“MMM”). MMM allows homeowners to apply for a mortgage modification through a mediation process overseen by the Bankruptcy Court. This program is voluntary on behalf of lenders, and results are not guaranteed. However, many people have been able to get mortgage modifications through the Chapter 13 Bankruptcy process who only got the run around outside of Chapter 13 Bankruptcy. This program is open to people who live throughout Southeastern Wisconsin. Contact on of our attorneys for more details.
Finally, if you do not want to keep your home, we can help with that too. We can help you surrender your home in Chapter 7 Bankruptcy and discharge any remaining debts on the house, sometimes called a deficiency balance. Chapter 7 Bankruptcy can let you give up your house, discharge your other debts, and get a fresh start.
Whatever you want to do, save your house through Chapter 13 Bankruptcy, modify your mortgage through Mortgage Modification Mediation, or give up your house through Chapter 7 Bankruptcy, contact a knowledgeable attorney at Croke & Croke, S.C. to begin the process today at (414) 539-6184.
Originally posted 5/07/15