Over the years I've had many clients who inherited real estate, either alone or as co-owners with their siblings. Unfortunately, mom or dad weren't able to keep up with mortgage payments or yearly tax assessments in the end and now the property is up for foreclosure or a sheriff's tax sale. While catching up the arrears or selling the property might be the ideal resolution in these situations, those options are not feasible for everyone. If you are at least a partial owner of real estate, a bankruptcy can protect the property and allow you to repay those arrears over an extended period of time. In many cases, we can help you protect this property even if your name has yet to be legally added as an owner. Call me today so we can keep that property in your family for generations to come.
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