Nothing is scarier or more overwhelming than the thought of losing your home. Aside from equity, your home likely has extraordinary sentimental value. Furthermore, you might not be sure of where you and your family will go if you are forced to leave.
Fortunately, you do have options. No matter where you live, whether it is Genesee County, Livingston County, Northern Michigan, or the Upper Peninsula, foreclosure can be an incredibly fast process, and you have a limited amount of time to implement an effective defense strategy. As such, contacting an experienced professional as soon as possible is imperative.
Under this chapter, debtors propose a structured payment plan to their creditors, which spans three to five years. If a debtor’s monthly income falls below the state median, the repayment period is three years, unless the court approves a longer duration. Conversely, if a debtor’s monthly income surpasses the state’s median, the repayment plan typically extends to five years.
Our lawyers have decades of experience with helping financially distressed homeowners. Troy is not just where we work — it is our community, and we are personally and professionally committed to putting our legal skills to work for families throughout the city.
Many people receive foreclosure notices and believe they have no choice but to leave their homes. However, your mortgage lender might not have followed proper procedures, which may invalidate the foreclosure process. You may also have various debt-relief options at your disposal.
No matter which strategy you choose, time is extremely limited. This is why we urge you to get in touch with us as soon as you believe you may default on your mortgage. The sooner you involve us, the more time we will have to utilize a high-powered defense strategy that will help you keep your home.
Facing foreclosure is a serious matter, so don’t hesitate to contact a lawyer to discuss your legal rights and options. At Wolfson Bolton Kochis PLLC, we offer confidential case evaluations completely free of charge, so you can get all the information you need at no cost or obligation to you.
Discuss your options during your free initial consultation by calling (248) 247-7070 or contacting us online. We offer same-day services as well as appointments on the weekend and after regular business hours.