Lehighton & Carbon County Mortgage Foreclosure Attorney
The Law Office of Adam R. Weaver, Esq. offers consultations with an office conveniently located next to the Carbon Plaza mall in Lehighton, Pennsylvania, as well as in Allentown, Pennsylvania. Lehighton & Carbon County mortgage foreclosure attorney Weaver has experience in defending mortgage foreclosure cases, which may also include applying for a mortgage modification with your lender, as well as Chapter 13 Bankruptcy petitions. If you are behind on your 1st mortgage, and the principal balance of your 1st mortgage is higher than the present fair market value of your residence, then you may wish to consider filing a Chapter 13 Bankruptcy petition. A 2nd or subsequent mortgages can be stripped off (treated as a dischargeable unsecured debt) in a Chapter 13 Bankruptcy case if the balance of your 1st mortgage exceeds your residence’s present fair market value.
It is important to know that if you apply for a loan modification directly with your mortgage lender on your own, it generally will not stop or halt the underlying foreclosure proceedings. If you reside in Carbon County, Schuylkill County, Monroe County, Luzerne County, Lehigh County, Northampton County, or Berks County, the Law Office of Adam R. Weaver, Esq. can assist you in defending the mortgage foreclosure action and making sure your lender adequately considers you for a mortgage modification.
Contact An Experienced Lehighton & Carbon County Mortgage Foreclosure Attorney Today
A Chapter 13 Bankruptcy petition could permit you to catch up on your past due mortgage payments over a three (3) to five (5) year repayment plan. This may be a better option for you than paying the total missed payments in a lump sum to stop your home from being sold at a sheriff’s sale. The U.S. Bankruptcy Court for the Middle District of Pennsylvania also has a Mortgage Modification Mediation Program in the event you cannot repay all your outstanding missed mortgage payments within a five (5) year repayment plan.