
North Hollywood Foreclosure Defense Lawyer
Let an Experienced and Knowledgeable Attorney Help You Protect Your Home
Afraid of potentially losing your home in a bankruptcy case? Rest assured that the Law Offices of Danny K. Agai knows just what to do to help you avoid foreclosure. With nearly a decade of helping clients file Chapter 13 bankruptcy, develop debt consolidation plans, and build budgeting skills for long-term financial success, Attorney Danny Agai is the advocate you need to protect your assets and navigate debt. He firmly believes in helping clients maintain financial stability, and he will provide legal guidance in the foreclosure process and in financial planning matters to safeguard your future interests.
You’re in good hands when you work with the Law Offices of Danny K. Agai. Let us help you save your home from foreclosure today. Call (818) 405-9085 or contact us online to get started in a free consultation.
Avoiding Foreclosure With Chapter 13
One concern you may have when faced with debt is what will happen to your property. Many stories circulate about individuals having to sell their homes, and this is certainly a reality in many situations, particularly if you file Chapter 7 (liquidation) bankruptcy. However, you can actually avoid foreclosure if you file Chapter 13.
A Chapter 13 repayment plan may allow you to save your home by:
- repaying missed mortgage payments (mortgage arrears) over the course of the repayment plan;
- paying part of your unsecured debts during the plan and eliminating these other debts entirely when you complete your plan, freeing up some money to pay the mortgage;
- contesting the legality of the proposed foreclosure in the bankruptcy court;
- getting rid of liens on your home created by second and third mortgages, as long as they are unsecured by your home (insufficient to pay back any portion of the lien).
An experienced foreclosure attorney can better explain each of the above options and which are most appropriate for your unique situation.
Obtaining Loan Modifications
Filing Chapter 13 can also give you time to obtain a loan modification, as Chapter 13 implements an “automatic stay” on foreclosure proceedings if your repayment plan includes provisions for mortgage arrearage payments. Under the automatic stay, the lender cannot continue with the foreclosure, assuming you make your regular mortgage and bankruptcy plan payments.
Filing Chapter 13 will give you a reprieve from foreclosure for at least several months, during which time you can continue to live in your home and propose a feasible repayment plan. Your home will be protected throughout the process, including during the confirmation hearing. In many cases, a borrower files Chapter 13 to stop a foreclosure while applying for a loan modification with the mortgage company.
If you are successful in obtaining a loan modification, you must present the modification to the bankruptcy judge for approval. You will then propose a new Chapter 13 payment plan that reflects this change to your mortgage and proceed to make your new mortgage payment under the new Chapter 13 plan until the end of the repayment term, after which your remaining debts will be discharged.
Call (818) 405-9085 to Protect Your Home Today
We understand how important it is to keep your home in the midst of financial struggles. The Law Offices of Danny K. Agai is deeply knowledgeable about the foreclosure process. We can look at your financial situation and help you file Chapter 13, if eligible, to save your home from foreclosure. We can also help you pursue loan modifications and other alternatives while the automatic stay is in place protecting your home. Let us help you buy some time with the law and guide you towards a debt-free future in the process.
Schedule a free consultation with our firm online or at (818) 405-9085 to get started immediately. Se habla español.

at 818-405-9085!
Call 818-405-9085 to Schedule a Free Consultation