If you are facing financial challenges and considering bankruptcy in Bellevue, Seattle, or Washington State, watch the following video which has Bellevue Bankruptcy Attorney Jonathan Smith discussing bankruptcy in Seattle, Bellevue, and Washington State, specifically Chapter 7 Bankruptcy on King 5 New Day Show.
The first thing you should do if you are facing bankruptcy in Bellevue or Seattle in King County is contact bankruptcy attorney Jonathan Smith at Advantage Legal Group. We will take a look at your specific financial situation and discuss the best option for you. Jonathans has been practicing law in Bellevue and Seattle Washington for over 23 years. We’ve seen it all. The ups and downs. The 2008 financial crisis and economic downturn. We’ve been practicing Foreclosure Defense Law and are a Northwest leader in mortgage mediation and mortgage modification.
Give us a call if you are considering bankruptcy in Washington State so you can make an informed decision. Advantage Legal Group is a debt relief agency helping Bellevue and Seattle residents with bankruptcy, foreclosure defense, mortgage mediation, and mortgage modification for 23 years in the Northwest.
If you are facing foreclosure on your Bellevue or Seattle area home in Washington State, bankruptcy may or may not be the best option. As an experienced Foreclosure Defense Law Firm in Bellevue, Seattle, and Federal Way, WA. Advantage Legal Group will ask you specific questions related to your unique financial situation. If you are behind on your mortgage payments or maybe you did a mortgage forbearance with your mortgage lender because of Covid-19 and you can’t make up the payments to get current. There are many circumstances where the better option for you may be mortgage mediation or mortgage modification.
Give us a call at 425-45209797 so we can help you make an informed decision on whether Chapter 7 Bankruptcy is the right decision for you.
How Does Mortgage Forbearance work under the United States Treasury Cares Act?
Being Licensed Washington State Attorneys practicing bankruptcy and mortgage mediation law in Bellevue and Seattle, WA. we often get asked about how mortgage forbearance works under the United States Treasury Cares Act. In a Media Release on April 3rd, 2020 the CFPB or Consumer Financial Protection Bureaureleased a video on How the mortgage forbearance works under the cares act.
Due to the Covid-19 Outbreak, many mortgage lenders are offering Forbearance assistance. Forbearance means your mortgage lender or bank may be willing to pause or reduce mortgage payments for a limited period of time. It does not eliminate your payment or erase what you owe on your mortgage. With a mortgage forbearance missed or reduced payments must be repaid at a future date.
It is recommended that if you are able to make or keep up with your home mortgage payments, do so. A forbearance only delays the payments to a future time when you’ll have to make them up on top of your normal mortgage payments.
Here is the video regarding How Mortgage Forbearance Works Under The Cares Act that was released by the Consumer Financial Protection Bureau or CFPB.
If you have any legal questions regarding mortgage forbearance with your mortgage lender or bank, please give us a call. We may have some insight into different legal options for you besides forbearance including mortgage mediation or possibly even bankruptcy. When we have additional information regarding your unique financial situation then we can discuss your legal options.
Contact Advantage Legal Group in Bellevue at 425-452-9797