When life’s problems cause you to get behind on mortgage payments with the resulting consequence that you face the possibility of the foreclosure of your family’s home, bankruptcy may help save it. After all, your home is the most important, vital asset that you own.

How will bankruptcy help save your home? A bankruptcy case filed under Chapter 13 may prevent the foreclosure of a personal residence or another parcel of real property. You can’t afford to lose the equity for which you’ve worked to accumulate. You can’t afford for your family to lose the stability in their lives that a foreclosure causes. You can’t afford for your family not to have a roof over their heads.

In a Chapter 13 bankruptcy, a homeowner may repay the total amount of past due mortgage payments (mortgage arrearages) using a Chapter 13 reorganization. A Chapter 13 plan provides three to five years to repay mortgage arrearages. Filing a Chapter 13 bankruptcy case may actually allow you to yet again become current on your mortgage loan and keep your home.

Alberto Montefalcon has helped many California homeowners with serious financial problems, including those with difficulties paying their mortgage. If you’ve received a notice of foreclosure, now is the time to take positive, remedial steps to prevent it. Do NOT hesitate or wait any longer if you want to save your home. There is no time to delay. No time.

To learn more about a Chapter 13 bankruptcy, contact the Montefalcon Law Offices online or schedule a consultation at any of our three conveniently located offices. Alberto Montefalcon has the expertise and experience to assist any potential bankruptcy debtor accurately determine whether a chapter 13 bankruptcy case filing is best for his or her personal financial, situation. Telephone our downtown Sacramento office at (916) 444-0440, our South Sacramento office at (916) 399-9944, or our Concord office at (925) 222-5929 for an appointment today.