When You Can No Longer Afford Your Home

Let our experienced bankruptcy attorneys guide you through the process

You worked hard for your home. You kept on top of your mortgage, paid your taxes and hired professionals to keep it up to code. But when life throws you a curveball like crippling medical bills or a sudden layoff, you could lose your home in what feels like an instant.

At the Lynch Law Offices, P.C., we understand the anger and the fear you face when you can no longer afford your home. Our goal is to help you through this extraordinarily difficult time by crafting a course of action that will ease your anxiety and protect as many of your assets as possible.

Understanding your options

There are often extenuating circumstances involved with losing your home. You may have been the victim of a natural catastrophe — like an earthquake or a house fire — and your insurance won't cover the cost of rebuilding. Perhaps a family member took ill and now you're saddled with high medical bills that you cannot pay. In cases where it is clear that you can no longer afford to keep your home, we may recommend:

  • Chapter 7 bankruptcy
  • Chapter 13 bankruptcy
  • Second mortgage strip-off
  • Short sale
  • Bankruptcy

For each of these options you should have a trusted and qualified real estate attorney to help you understand exactly what will happen during the process. We at the Lynch Law Offices, P.C., are dedicated to frank discussions with our clients about what is best for their finances and their future.

Taking the next step

No matter which route you decide to take, you will have to produce documentation and you may need to start scheduling appointments with creditors and lenders. We are distinctly qualified to help you take the next step forward in your plan by:

  • Making calls. Any option will involve a call to the bank. We can reach out to the monetary institution that holds your accounts to access your financial records and history. This information may help us build a case for lowering your debt.
  • Negotiating debts. Bankruptcy allows you to eliminate some of your debts, but not all of them. We will negotiate with your creditors to try to lower or refinance the debts that won't be eliminated with bankruptcy.
  • Documenting everything. There is an enormous amount of paperwork that goes along with this situation. We document everything that happens from the moment you hire us to ensure accuracy.

We understand how nerve-wracking it can be when your home is on the line. We focus our energy on getting the best possible results for you at this difficult time.

Contact a DuPage County, Illinois, bankruptcy attorney about your options

Call us toll free at 800-491-7493 or contact the Lynch Law Offices, P.C., online to schedule an appointment with one of our real estate attorneys. We represent clients in Wheaton, Naperville and throughout DuPage County.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.