Bellevue
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Attorney Erin Lane Partner
Wipe Out Your Debts. Keep Your Property.

Home Foreclosure in Bellevue

Understanding home foreclosure and bankruptcy in Bellevue

If you run into economic hardship because of getting laid off or undergoing an illness, you may fall behind on bills and run the risk of foreclosure. In Washington State, filing for bankruptcy may offer a way for you to save your home from foreclosure, and will even protect up to $125,000 of your equity.

Many homeowners fall behind on mortgage payments because of circumstances beyond their control. Usually, missing mortgage payments means a person is also behind on other debts. Adding insult to injury, debt collection companies exacerbate the problem by employing morally questionable practices in an effort to get money that the debtor simply doesn't have.

It's possible that you can save your home from foreclosure with help from one of our Bellevue bankruptcy lawyers. Find out by contacting one of our bankruptcy attorneys in Washington for a free debt relief consultation.

Save your home from foreclosure with help from our King County bankruptcy attorneys
  • Chapter 7 and Chapter 13 bankruptcy both stop home foreclosure
  • Filing for Chapter 7 bankruptcy may offer enough time and financial relief to get caught up on and maintain mortgage payments
  • Chapter 13 bankruptcy permits you to consolidate your debt, including arrears, and distribute it over a three to five year repayment plan
  • Find out stopping foreclosure is possible for you by contacting one of our Bellevue home foreclosure lawyers today

If you're desperate to stop foreclosure on your home, you should speak to a Bellevue bankruptcy lawyer from our law office who can explain the process and determine whether it's possible. The vast majority of Bellevue homeowners who fall behind on mortgage payments are honest, hard working people that are suddenly faced with a dire financial situation.

Most homeowners don't realize that bankruptcy laws were created to help them get a fresh financial start, save their home from foreclosure, and prevent further harassment from creditors who have no compassion for their struggles. If stopping foreclosure on your home is important to you, contract our Washington State law office and work with us to explore your bankruptcy options.

There is a difference between Chapter 13 and Chapter 7 bankruptcy

Filing for Chapter 13 or Chapter 7 bankruptcy both foreclosure on your home, but there are palpable differences between the two. If your income is below the median household level, filing for Chapter 7 bankruptcy may be your best option, but it may not be the best way to save a home from foreclosure. If your income is above the median household level, you may need to file for Chapter 13, which is sometimes referred to as the "home saver plan."

A Chapter 7 bankruptcy does not offer a long-term solution to home foreclosure, but for some people it offers valuable time to explore different ways of getting caught up on mortgage payments.

Chapter 13 bankruptcy is often more effective for stopping home foreclosure, but it may not be suitable given your financial situation. In a Chapter 13 bankruptcy, your debt is consolidated a monthly payment plan that allows you to get caught up on arrears over a period of three to five years. Your unsecured debt may be discharged by the court, partially or in its entirely, which frees up money to make mortgage payments and save your home from foreclosure.

Contact a bankruptcy lawyer in Bellevue today and get help with home foreclosure problems

If wage garnishment caused you to fall behind on your mortgage, you should know that declaring bankruptcy stops all debt collection including wage garnishment. This shows why the federal government created bankruptcy laws. Which is to help hard working Americans get out from under crippling debt and help them get a fresh financial start.

Our Washington bankruptcy attorneys will protect your legal rights and stand up to unscrupulous debt collection companies so that you can get them off of your back. Contact our law office in Bellevue today and find out whether you can save your home from foreclosure.