St. Louis Mortgage Arrearage

ONLY $300 IN UPFRONT FEES FOR A CHAPTER 13!!  WE CAN HELP YOU STAY IN YOUR HOUSE!

When you fall behind on your house mortgage, the resulting deficiency is called the “arrearage”.  If the arrearage gets too high (or if you miss too many house payments), the lending institution or mortgage company may proceed with a St. Louis foreclosure.

WE CAN HELP YOU GET CAUGHT UP ON YOUR MORTGAGE!!
 
At this point, you would need to decide if you want to keep your home or surrender it.  If the decision you reach is to surrender the home, then the arrearage and underlying debt (i.e. the mortgage) becomes part of the other unsecured debt that will be discharged in your St. Louis bankruptcy.
 
But if you choose to keep the home, then the best option available would be a St. Louis Chapter 13 bankruptcy.  This type of bankruptcy stops the mortgage company’s efforts to foreclose on your home, and gives you a chance to repay the arrearage over a period of several years.  By spreading the arrearage out into manageable, monthly payments, you have the opportunity to keep your home and still maintain a sensible household budget.

The St. Louis bankruptcy attorneys at Brinkman & Alter, LLC have saved hundreds of homes from going into foreclosure, and have given many people a chance to keep the biggest asset they own.  Our staff has years of experience in handling this type of issue, and are ready to help you achieve your financial goals.

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