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Bach Is Your Financial Future.
555 Skokie Blvd Suite 250, Northbrook, IL 60062
PO Box 1285, Northbrook, IL 60062
Contact Us Today!(847) 440-5998
Nearly 9.7% of all U.S properties during the first quarter of 2017 were “underwater”–meaning the balance of the mortgage is more than the property is worth. According to the report, from ATTOM Data Solutions, that’s a little under 5.5 million properties that homeowners are financially burdened with.
Fortunately, there are a couple of options that will not only allow you to keep your home during an underwater mortgage, but also save you money in the process.
If you’re behind on mortgages but want to keep your home, Chapter 13 bankruptcy is an attainable option. Here are a few of the advantages it has to offer:
Looking to completely get rid of your debt? Chapter 7 bankruptcy might just be for you:
If you want more information about your options for underwater mortgages, discuss your case with one of our Northbrook bankruptcy lawyers at Bach Law Offices.