CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

How Can I Keep My Home?

Assisting clients in determining whether or not to keep their home and methods of keeping it is often a legal service the Law Offices of Robert M. Geller, P.A. provides. If you are behind on your mortgage payments or if you owe nothing on your home, you may still be able to keep it by filing either Chapter 7 or Chapter 13 bankruptcy.

For over 20 years, our Tampa Bay attorneys have filed a substantial amount of Chapter 7 and Chapter 13 bankruptcy cases in which clients did not lose their home. Our lawyers advise individuals of their options and are available to represent their interests through the bankruptcy process.

Behind in Payments?

Many people experience unexpected events in their lives which cause them to get behind on their mortgage payments, their real estate taxes, or their homeowners dues. Faced with these back obligations, people are sued for foreclosure. Chapter 13 bankruptcy is a method of catching up on these back payments over a period of as much as 60 months. Once a Chapter 13 bankruptcy is filed, the creditor is stopped from continuing the foreclosure and sale of the property, and the homeowner may keep his or her home.

Want to Get Rid of a Second or Third Mortgage or Equity Line?

Many homeowners have seen a substantial decrease in the value of their home over the last few years. As a result, they may have a first mortgage in which they owe more than the home is worth. Even though they owe more on the first mortgage, they also have payments owed on a second or a third mortgage (frequently known as a home equity line of credit — HELOC). By filing either  a Chapter 7 or Chapter 13, people may be able to get rid of their second or third mortgage payment or home equity line and never have to repay it. Chapter 7 and  13 bankruptcy may be the only methods of eliminating second mortgage obligations (or home equity lines), including liens or encumbrances against the home, without having to repay the debt obligation.

Keeping Your Home Under Chapter 7 Bankruptcy

Under Chapter 7 bankruptcy, you are able to keep secured debts such as a house if you are current with payments and the equity is covered by the Florida homestead exemption. Unfortunately, people filing under Chapter 7 bankruptcy do not have the option of including the mortgage arrears in a repayment plan, as is the case with a Chapter 13 bankruptcy filing. This means that if you are not current, it may be difficult to keep your house unless you can come up with the money to make the delinquent payments and continue paying during the bankruptcy.

Contact a Tampa Bankruptcy Attorney

To learn more about your options on your home, contact our Tampa, Florida, law firm. Call us at 813-254-5696 to schedule a free initial consultation. Attorney Robert M. Geller is a certified specialist in Consumer Bankruptcy Law by the American Board of Certification *.

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

* Accredited by The Florida Bar to certify lawyers in the specialty area(s) of consumer bankruptcy law.

Tampa Bankruptcy Law Blog

How to Avoid Being a Victim of Scam Calls for Student Loans

Scam Calls for Student Loans Student loans are one of the biggest burdens faced by college attendees. Even students who...
Read More

Can Medical Bills Be Included in a Bankruptcy? Here’s What You Need to Know

Can medical bills be included in a bankruptcy? Medical problems are stressful enough without facing a significant debt burden after...
Read More

I’m Unemployed. Can I Still File for Bankruptcy?

Unemployed Bankruptcy Being in debt is bad enough, but if you’ve lost your job recently or accumulated debt because of...
Read More

How Will Filing for Bankruptcy Affect My Credit?

Will Bankruptcy Affect My Credit? Not paying your bills affects your credit negatively. And yet problems with credit are one...
Read More

Behind or In Default on Your Student Loan? Here’s What You Should Know

Student Loan Default If you’ve fallen behind on student loan payments or your student loans are in default, you aren’t...
Read More

Will Bankrutcy Affect My Job? Learn How Filing Affects You in the Workplace

Will Bankruptcy Affect My Job? Filing for bankruptcy raises many considerations. One of the most important is whether or not...
Read More

Can Bankruptcy Help Me If I’m Behind on Child Support?

Bankruptcy and Child Support Bankruptcy can help you with a lot of things. It can help you stop calls from...
Read More

Can You File for Bankruptcy When You’re Unemployed?

Bankruptcy and Unemployment Being in debt is bad enough, but if you’ve lost your job recently or accumulated debt because...
Read More

Bankruptcy and Eviction History

Eviction With the rate of evictions on the rise in recent months and the expectations that eviction numbers will grow,...
Read More

What to Expect Once You’ve Decided to File Bankruptcy from Home

File Bankruptcy from Home There are a few things that happen when you file bankruptcy from home. An automatic stay...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

NACBA Logo comodo avvo1 avvo2 avvo3 LEA BBB Logo RG Seal

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions