Having a roof over your head is one of the basic physiological needs emphasized by the American psychologist Abraham Maslow in his Hierarchy of Needs. It is necessary to have shelter before building the rest of our lives, our relationships, careers and self-esteem.
If you can no longer make your mortgage payment, you are at risk of having the roof over your head taken away if the bank forecloses on your home. Do not underestimate the effect that losing it could have on you and your family. If you do not meet this basic need, the rest of life becomes much more challenging.
Thankfully, there may be an option to escape your predicament. Thousands of homeowners have used Chapter 13 bankruptcy to save their family home, to allow their children to continue their education without the stress of wondering where they will sleep and to enable adults to finally get some sleep at nights after months of worrying about their debts.
If you still have a regular income, Chapter 13 allows you to reorganize your debts in to a form you can manage. Rather than losing your home because you miss payments, you get the chance to catch up on those payments gradually over the next few years and keep your property in the process.
It will also stop the mortgage lender or anyone you owe money to from knocking on your door. You will once again be able to open the door without fear and answer your telephone without having to check the caller’s number.
You do not need to wait until you have received a notice of foreclosure to take action. If you are having difficulty making your mortgage payments on your Roanoke Valley home, get in touch with an experienced bankruptcy attorney. They can talk you through the bankruptcy options available to you and see if Chapter 13 will give you the help you need.