Foreclosure of a person’s home is one of the most devastating experiences our clients face. There are many steps to the foreclosure process and they can be daunting and complicated to understand. However, there are numerous options, both in bankruptcy and outside of bankruptcy, to deal with a pending foreclosure. A bankruptcy filing will stay (temporarily stop) the foreclosure pending against real property. This temporary hold on foreclosure proceedings will give a homeowner breathing room to assess his options for retention of the home or to decide whether retention of the home is even in his best interest. There are also non-bankruptcy options, such as state sponsored foreclosure mediation and/or numerous loss mitigation options offered by the foreclosing mortgage company, such as a loan modification, short sale, deed in lieu of foreclosure or an orderly surrender of the premises. Every homeowner has a unique set of personal and financial circumstances and, as such, there is no “one size fits all” solution. Our experienced attorneys will analyze your particular situation and then apprise you of your options.