A recent article in the Belleville News-Democrat alerted readers to an upcoming foreclosure prevention workshop scheduled for July 21, 2012. (http://www.bnd.com/2012/07/06/2237253/guest-view-mortgage-struggles.html) This workshop is being presented at the Regency Conference Center in O’Fallon, IL by the Illinois Foreclosure Prevention Network, a statewide agency created to assist homeowners. This agency and the workshop could provide important information to homeowners who are threatened with foreclosure. We suggest that you contact the agency at http://www.keepyourhomeillinois.org/ and/or attend the workshop.
In addition, if you don’t qualify for assistance and your mortgage company just won’t work with you , give Dixon & Johnston, P.C. a call and we can discuss the options with you including the possibility of filing Chapter 13 bankruptcy. As soon as we file Chapter 13 the mortgage company must terminate the foreclosure and your payment plan through the bankruptcy court will give you up to 5 years to get current on your mortgage. In addition to curing the mortgage delinquency your other debts will also be wiped out. Debts owed to your unsecured creditors can often be discharged even if they are only paid a fraction of your balance. When you finish the Chapter 13, your house payments are current, your cars are paid off and your other debts are gone. Give us a call at 618.207.3770 to set up a free consultation.