Stop Foreclosure Sales – Create Loan Modification Opportunity

Falling behind on mortgage payments is a common problem. If you have received a Notice of Default or a Notice of Foreclosure contact MLO immediately to talk to a lawyer about your rights, and plan the best strategy for you. For many homeowners in the Bellevue, Washington, area that involves negotiating a loan modification. You should remain flexible, so that you have a plan if the modification is not successful. Whatever ends up happening, it is important that you did everything you could to prevent any outcomes you didn’t want.

Chapter 7 bankruptcy can give you a few months to live in the house without paying the mortgage, so that you can save money to move. Second mortgages and Home Equity Lines of Credit are especially dangerous after foreclosure sales because the lender will likely sue you for the balance after the sale. Chapter 7 provides a discharge of that debt.

Keeping your house in a Chapter 13 bankruptcy is extremely difficult and unlikely. You are required to catch up the mortgage arrears over 5 years plus pay the regular payment plus the 5% Trustees fee on the whole amount.

If you are going to be forced into bankruptcy following a foreclosure sale when a mortgage creditor sues you, then it is preferable to file bankruptcy before the sale to give yourself more time to live in the house without paying.

Facing Foreclosure? Contact MLO.

If you are facing the prospect of losing your home in a foreclosure sale, contact me to discuss your options as soon as possible.

I offer free and confidential initial legal consultations to potential bankruptcy and estate planning clients. Email me at to schedule your consultation.
I offer evening appointments on-site at my law office, where ample free parking is available.
For more detailed information about my practice in Bellevue, Washington, please consult my Blog.


14205 SE 36th St. Suite 100
Bellevue, WA 98006-1553


Phone: 425-998-6352
Fax: 425-223-3197

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Mulvaney Law Offices, PLLC, is located in Bellevue, Washington, representing estate planning & probate, chapter 7 and chapter 13 bankruptcy, and real estate transactions clients in Seattle, Tacoma, Everett, Bellevue, Redmond, Renton, Issaquah, Sammamish, Maple Valley, Burien, SeaTac, and throughout King, Snohomish and Pierce counties.

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