Pottstown, PA Foreclosure Lawyer
Pennsylvania continues to have one of the highest foreclosure rates in the country, and Pottsville hasn’t escaped the trend.
In fact, Montgomery County leads the charge with the 4th highest foreclosure rate in the state.
If you need help avoiding foreclosure, you’re not alone.
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How Your Pottstown, PA Foreclosure Defense Attorney Can Help
Sometimes people are surprised to learn foreclosure can be fought, and a loan modification isn’t the only way.
In fact, there are a lot of strategies we use. We’ve successfully argued for case dismissal on procedural grounds. We’ve successfully proven our Pottstown clients were issued unconscionable loans. We’ve even been able to show the bank violated their own side of the contractual agreement, voiding their right to foreclose.
Sometimes it’s just a matter of buying time for you to take other actions, like selling the house. Or buying time while helping you negotiate a short sale.
Much depends on your goals. If you’re only worried about keeping the foreclosure off your credit report we’d adopt a different strategy than if you are desperately trying to save your home.
See also: Mortgage Foreclosure.
What about tax foreclosures?
We can help with those too. It’s a sad fact that you can pay off every penny of your home loan only to lose everything to missed tax payments. It’s also a sad fact that Montgomery County property tax rates seem to grow every year.
Current property tax rates can turn the annual bill for a modest $185,000 home into a $10,000 payment that’s anything but modest. Many people are overpaying. In Montgomery County over 210,000 people are.
The good news is you have the right of redemption in a tax foreclosure, which means if you get caught up you can keep your home. The bad news is that might not help if you can’t lay hands on that kind of money. In that case, filing a Chapter 13 bankruptcy is often the best defense.
See also: Tax Foreclosure.
How Is Filing Chapter 7 Bankruptcy Unique in New Jersey and Pennsylvania?
At Sadek & Cooper, our bankruptcy lawyers are proud to serve individuals living in both Pennsylvania and New Jersey. Potential bankruptcy filers who come into our Bucks County, Delaware County, or Philadelphia law offices often want to know makes bankruptcy unique in Pennsylvania. Similarly, individuals who come into our South Jersey office in Moorestown often want to know about what is unique about New Jersey bankruptcy filings.
To start, while all bankruptcies are filed in federal court, all cases contain certain elements of state law. One of the more relevant state-by-state differences for a Chapter 7 filing is the fact that bankruptcy exemptions are often affected by state law. Chapter 7 bankruptcy exemptions are the property you can keep. While both New Jersey and Pennsylvania allow Chapter 7 filers to select from the state or federal exemptions, the state exemptions are unique in New Jersey and Pennsylvania. For instance, while neither Pennsylvania’s nor New Jersey’s state bankruptcy exemptions include a homestead exemption, the federal exemptions available in both states include protection for home equity. Therefore, a person considering Chapter 7 bankruptcy should also expect to be able to keep a substantial amount, or all, of one’s property.
We’re here to defend you, Pottstown.
Let’s face it. Housing costs make up the bulk of the difference between the cost-of-living in Pottstown vs. the cost of living in other parts of the country. If you’re having trouble making mortgage or tax payments, you’re not alone.
That’s why we offer both free consultations and payment plans to make our help accessible to every Pottsville citizen. If you’re in trouble, please don’t hesitate. Reach out to us today.