Chicago Foreclosure Defense Lawyer

Helping People Fight Foreclosure!

Facing foreclosure on your home is a very frightening situation. Sadly, this is a situation that hundreds of thousands of individuals are dealing with throughout the country, due to the recent sub-prime mortgage meltdown and subsequent recession. Many individuals bought a home in good faith, and didn't realize that the projected refinancing would not be possible, and ended up with a mortgage payment that was so high that they could no longer come up with the funds to keep it current. Some used credit cards to keep it going, until credit was depleted, and then faced foreclosure after falling deeper and deeper into debt. This common situation can be assisted by a Chicago bankruptcy attorney at the Law Office of Marc Wagman.

Have You Been Served a Notice of Foreclosure?

When facing home foreclosure, filing for bankruptcy can "buy time" as there is a "stay", or a legal "stop" of all creditor harassment for a period of time (usually a month or two) which gives the attorney and the client the opportunity to attempt to resolve the matter. This could include negotiations regarding a loan modification, short sale, or another option. In many cases, the banks become more willing to negotiate with a lawyer, particularly when they become aware that the client is involved in the bankruptcy process.

You can be assured that at my firm I have your best interests at heart, and will assist you in fighting your foreclosure. If you choose to file for bankruptcy, the automatic stay gives me the time and opportunity to negotiate on your behalf and seek out viable solutions to help you avoid a pending foreclosure.

When your home is at risk, please do not hesitate to contact an attorney from my office today for help!