last year due to my wife loosing her job we consulted with a law firm that charged us 4000 dollars and guaranteed they would get the mortgage co to lower our payment,but in the mean time told us to stop paying for the house...now a year later,they have not done anything,want more money and our house is now up for foreclosure...what would be my best option?would a personal bankruptcy help me?
Country relating to Question: United States
State (if USA): Massachusetts
we spoke to the mortgage co.foreclosure atty.&they said they can not help us.
Thank you for your question. Be sure to go ahead and bookmark www.nateanswers.com for future questions.Yes. A personal bankruptcy would stop the Foreclosure process and potentially allow you to reassume the mortgage agreement and begin paying again, allowing you to keep the house.In the meantime, the attorney has taken your money and not provided the services promised. I suggest you make a report to the Massachusetts State Bar. You can do that herehttp://www.mass.gov/obcbbo/complaint.htmPlease remember to only rate my answer when you are 100% satisfied. IF you feel the need to rate "Poor Service" or "Bad Service", please stop and reply to me via the REPLY TO EXPERT button with the issue you have. I am not paid unless I get a rating of 3 to 5 Stars/Smiley Faces. If I have helped you with your question, please give me an appropriate rating so that I get credit for helping you. Thank you, Nate
Thank you very much for your answer ..I will consider def reporting the law firm to the Mass Bar Assoc...Do you have any other suggestions as to how we can save our home?? And what type of bankruptcy would we file for ...I know there are several different types..??
There are two types for individuals. There is Chapter 7 and Chapter 13. The one you file depends on your overall financial situation. A bankruptcy attorney locally can make that assessment fairly quickly. If you have further questions, please feel free to continue. If not, please do remember to leave a positive rating for my assistance today.Thanks!Nate
are there any other options besides bankruptcy
Any other attorney that would do what these others purported to do would likely charge even more at this point to represent you, and there may be nothing to really do. At least with bankruptcy, you stop the process cold and have time to address all your debts at once. For other potential options, call the Homeowners HOPE hotline at (888) 995-HOPE. They can tell you if there are any government programs, state or federal, that can help you.If you have further questions, please feel free to continue. If not, please do remember to leave a positive rating for my assistance today.Thanks!Nate
Over 8 years of legal practice.
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