Saving your House by using Chapter 13

Two or three mortgages on the home. Behind on the first, second and or third. House is worth less than what you owe. Lender won't take partial payments from you to catch up.

If these are scenarios that you are facing, Chapter 13 Bankruptcy may provide a solution. Depending upon your circumstances, in a Chapter 13 Bankruptcy I can do the following:

Arrearages. We can have the court spread your mortgage arrearage payments over the life of your chapter 13 plan which can be up to 5 years. In a Chapter 13 Bankruptcy, as long as you can make current monthly payments and as long as the plan provides that the mortgage will be caught up at the end of the plan commitment period, your lender cannot complain about the payments that you are making.

No value for a second and/or third mortgage. If the value of your property is no greater than equal to or less than the value of your first mortgage, the court will strip out your second and third mortgage. If you have a third mortgage and the value of your property is no greater than the value of your first and second mortgage the court will strip out your third mortgage.

Check out my website for more information. http://www.raymondgessel.com or contact me at 253-856-2745 or raymond@raymondgessel.com. Don't lose another night's sleep worrying about losing your home!

We Listen. We Advise. We Act.

Short Sale Guidelines

New Short sale guidelines under the Federal HAFA program go into effect which require lenders that participate to approve short sales within ten (10) days of application, allow would be sellers to get pre-approval of short sales before listing and require a complete release of any deficiency by the lender. Banks do not have to participate and they still have the right to reject a short sale.

Bankruptcy Help in Kent Washington

If you live in South King County, Washington including, Pacific, Algona, Covington, Maple Valley, Auburn, Black Diamond, Renton, Kent, Des Moines, Federal Way, Tukwila, Seatac, or Burien, there is no need to travel to Seattle for Bankruptcy Help. Our office, located in Kent, Washington, is the largest South King County lawfirm and is well equipped to provide all of your bankruptcy needs. Please visit the Bankruptcy Section of our website: http://hiplawfirm.com/hanisirvineprothero_023.htm