Owning a home is a dream of many people here in Tennessee. Sadly, there are certain things that can cause this dream to become a nightmare. One such thing are mortgage struggles.
Mortgage struggles can leave a homeowner facing a mountain of mortgage debt and the possibility of having their home foreclosed on.
There are options, including bankruptcy options, homeowners can sometimes turn to to try to get out of a nightmarish situation that mortgage struggles have put them in. Which specific options a person with mortgage struggles may want to consider pursuing depends on a multitude of things. One is what goals they have when it comes to their home.
Not all individuals who are facing mortgage struggles have the same primary goal when it comes to their home. For some, their main goal is to keep their home. For others, their main goal is to get free of as much debt as possible in a prompt manner, even if it means losing their home.
Not all debt relief and bankruptcy options are well-suited for all debt relief goals. The various differences between the different debt relief and bankruptcy options make it so these different options can vary quite a bit in how good they would be at helping to achieve a given goal.
Our firm works hard to understand the goals that our clients who are facing mortgage difficulties and foreclosure have and to help them find the debt relief options most-suited to helping them achieve their goals given their particular circumstances.