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Are you facing house foreclosure in Monroeville, PA? Many homeowners are facing tough times due to job loss, pay cuts, medical bills, and mounting debt. Add to that the fact that homes aren’t worth what they were a few years ago, and you have a perfect recipe for bankruptcy. Many Pittsburg, Monroeville, and Greentree foreclosures are preventable. If you are behind on payments, you may be able to stop foreclosure and renegotiate for lower payments. If you are behind on payments, you have a few options. If you are deeply in debt to multiple sources (not just your home loan), you could consider filing for bankruptcy. A bankruptcy attorney can help you with this. If you don’t have much debt other than your home (or if you’re on top of other debts but your home loan is no longer affordable), there are many options out there that can help you. One option is to negotiate for lower payments with the bank (often called loan modification). You can also refinance your loan and qualify for a lower interest rate and wrap up any missed payments in the loan (which saves you from having to fork out 3 or 4 house payments at once to get caught up). If you need to get out of your home, and you can’t because you owe more than it is worth, there are federally-sponsored “managed exit” programs such as short sale that allow you to get out of a home that isn’t worth what you owe on it without having to pay a lot upfront. Generally speaking, the quicker you take informed action regarding potential foreclosures, the better things will be. Getting the advice of a bankruptcy attorney could save you time and effort. Most attorneys will offer a free initial consultation, where you can briefly go over your situation and find out what help is available.
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Greentree, foreclosure, &, foreclosures, in, Monroeville, PA,
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