Foreclosure in Michigan
When you file for bankruptcy, foreclosure may not be far behind. As an experienced bankruptcy attorney, I, Walter Metzen can help you understand foreclosure and your rights within these types of situations.
If you already have a foreclosure matter that is pending against you, you may need to act quickly to file bankruptcy if you have not already done so. By doing this, you may be slowing down or even stopping the foreclosure process until the bankruptcy matter is sorted out.
Generally, if you fall more than 3 months
behind on your house payments, your lender
will declare the mortgage in default
and begin to foreclose on your
When you took out your mortgage or home
equity loan, you gave your lender or
mortgage company a mortgage. This
created a security interest or lien on your
property that gives the mortgage company the
right to start foreclosure proceedings
to force a sale of your home (called a
sheriff’s sale or foreclosure sale) because
you failed to pay your mortgage loan
according to the terms of the mortgage
Most lenders don't like to foreclose on
your property because the process is costly
and can be difficult. However, most lenders
will foreclose on past due loans if they are
not paid after 3 months.
Most people facing foreclosure are often
experiencing other financial problems. Many
people will ignore the problem, hoping that
it goes away. It is critical that you
develop a plan of action to deal with
your financial situation immediately.
Talk to Michigan
bankruptcy lawyer Walter Metzen
If you are facing foreclosure
on your home,
foreclosure law firm for an
immediate appointment. Within
days or even hours, we can bring a motion to
court to stop the sale of your home. That’s
the first step in some important decisions
you need to make to get your financial
affairs back in order.
Foreclosure Attorney Walter A. Metzen
Realistic, Creative Solutions
Free Initial Consultation • (888) 777-FILE
The same solutions don’t fit every
client. At the
Offices of Walter A. Metzen Michigan
Bankruptcy Lawyer, we will go over your
situation with you to determine the best
actions for you to take. If you have waited
until the foreclosure sale is days or hours
away, we can help you stop the sale so that
you can face the reality of your
circumstances and determine your best
- Will your mortgage lender refinance
your home with more affordable payments?
Is another lender willing to step in and
- Can you negotiate a workout with the
bank? Will the mortgage holder allow you
to pay a portion of what you owe
allowing you time to bring your mortgage
- Is filing for bankruptcy the best
- Should you sell your home to satisfy
the mortgage debt? By selling it
yourself, it will be on your terms and
at your price, not at a foreclosure
Foreclosure lawyer Walter A. Metzen Michigan
Bankruptcy Lawyer will give you a
realistic assessment of your options. Our
foreclosure law firm will help you
negotiate the solution that best meets your
needs and circumstances. At this point, you
need a realistic, orderly approach to get
your finances back on track. Wayne County
attorney Walter A. Metzen Michigan
Bankruptcy Lawyer can help.
It is important for you to understand that there are many, many foreclosure scams out there. Even mortgage companies may be guilty of scams. A mortgage company may tell you that they want to work with you, structure a loan workout, and help you work things out. Unless you have this in writing from the company, be very wary. Many companies have been known to give their customers facing foreclosure a false sense of security and then change their minds.
Do not let this happen to you! Get in touch with me as soon as possible to discuss your foreclosure matters. I can move quickly in order to stop or delay the foreclosure in many situations. However, once a foreclosure has been executed, not even bankruptcy can save the property.
Contact me, Detroit foreclosure lawyer Walter Metzen today to schedule your free initial consultation. Let me help you understand your rights and explore your options.