In recent years, the number of individuals facing foreclosure in the United States has skyrocketed.

In response, these individuals explore the options of filing for bankruptcy or modifying their loan through their lender.
We provide the same advice about foreclosures as we do for bankruptcy in general — the sooner you start the process, the better. It is wise to contact a skilled attorney as soon as you realize that a workout or bankruptcy may be the best solution for your financial future. When we have more lead time, we can work with your lender to negotiate a loan modification, consider a short sale or foreclosure mediation to help your situation. Common sense tells you that the bank does not necessarily want your home; they want some sort of payment. The best thing to do is to meet these challenges head on with the advise and representation of a knowledgeable attorney.