Bankruptcy Overview

Foreclosure in Michigan

Detroit Michigan Foreclosure Lawyer

When you file for bankruptcy, foreclosure may not be far behind. As an experienced bankruptcy attorney, I, Walter Metzen can help you understand foreclosure and your rights within these types of situations.

If you already have a foreclosure matter that is pending against you, you may need to act quickly to file bankruptcy if you have not already done so. By doing this, you may be slowing down or even stopping the foreclosure process until the bankruptcy matter is sorted out.

Generally, if you fall more than 3 months behind on your house payments, your lender will declare the mortgage in default and begin to foreclose on your property.

When you took out your mortgage or home equity loan, you gave your lender or mortgage company a mortgage. This created a security interest or lien on your property that gives the mortgage company the right to start foreclosure proceedings to force a sale of your home (called a sheriff’s sale or foreclosure sale) because you failed to pay your mortgage loan according to the terms of the mortgage agreement.

Most lenders don't like to foreclose on your property because the process is costly and can be difficult. However, most lenders will foreclose on past due loans if they are not paid after 3 months.

Most people facing foreclosure are often experiencing other financial problems. Many people will ignore the problem, hoping that it goes away.  It is critical that you develop a plan of action to deal with your financial situation immediately. Options include:

Talk to Michigan bankruptcy lawyer Walter Metzen

If you are facing foreclosure on your home, contact our foreclosure law firm for an immediate appointment. Within days or even hours, we can bring a motion to court to stop the sale of your home. That’s the first step in some important decisions you need to make to get your financial affairs back in order.

Foreclosure Attorney Walter A. Metzen
Realistic, Creative Solutions
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The same solutions don’t fit every client. At the Law Offices of Walter A. Metzen Michigan Bankruptcy Lawyer, we will go over your situation with you to determine the best actions for you to take. If you have waited until the foreclosure sale is days or hours away, we can help you stop the sale so that you can face the reality of your circumstances and determine your best options.

  • Will your mortgage lender refinance your home with more affordable payments? Is another lender willing to step in and refinance?
  • Can you negotiate a workout with the bank? Will the mortgage holder allow you to pay a portion of what you owe allowing you time to bring your mortgage current?
  • Is filing for bankruptcy the best answer?
  • Should you sell your home to satisfy the mortgage debt? By selling it yourself, it will be on your terms and at your price, not at a foreclosure sale.

Foreclosure lawyer Walter A. Metzen Michigan Bankruptcy Lawyer will give you a realistic assessment of your options. Our Michigan foreclosure law firm will help you negotiate the solution that best meets your needs and circumstances. At this point, you need a realistic, orderly approach to get your finances back on track. Wayne County attorney Walter A. Metzen Michigan Bankruptcy Lawyer can help.

It is important for you to understand that there are many, many foreclosure scams out there. Even mortgage companies may be guilty of scams. A mortgage company may tell you that they want to work with you, structure a loan workout, and help you work things out. Unless you have this in writing from the company, be very wary. Many companies have been known to give their customers facing foreclosure a false sense of security and then change their minds.

Do not let this happen to you! Get in touch with me as soon as possible to discuss your foreclosure matters. I can move quickly in order to stop or delay the foreclosure in many situations. However, once a foreclosure has been executed, not even bankruptcy can save the property.

Contact me, Detroit foreclosure lawyer Walter Metzen today to schedule your free initial consultation. Let me help you understand your rights and explore your options.

We are a Debt Relief Agency helping people file for bankruptcy relief under the Bankruptcy Code. Let us help you decide if bankruptcy is right for you.

Bankruptcy attorney Walter Metzen represents clients throughout Southeast Michigan, including the communities of Detroit, Southfield, Warren, Roseville, Farmington Hills, Ann Arbor, Belleville, Canton, Clinton Township, Dearborn, Dearborn Heights, Hamtramck, Highland Park, Holland, Howell, Lincoln Park, Livonia, Macomb, Northville, Plymouth, Port Huron, Redford, Rochester, Saginaw, Southfield, Sterling Heights, Taylor, Trenton, Troy, Westland, Wyandotte, Ypsilanti, Mount Clemens, Howell, Oakland County, Macomb County, Wayne County, Washtenaw County, Livingston County, and all of the surrounding areas.