Researchers from Realtytrac, a company that tracks national housing trends, have reported that home foreclosures in both Missouri and Kansas are much higher this quarter than they were during the same quarter in 2014. In Missouri, home foreclosures had risen 37 percent compared to this time in 2014, with nearly 4,467 homes facing foreclosure. Kansas saw a 38.3 percent rise in foreclosure actions. Over 1,600 homes faced foreclosure this quarter.
Despite the increase in foreclosures in these states, national numbers were down, with up to an 8 percent decrease in foreclosures. According to RealtyTrac, these numbers may look grim, but they are most likely the result of many long standing foreclosure cases reaching their conclusion. It is likely that these high numbers will continue for several months, but will eventually come back down towards the end of 2015.
Can Bankruptcy Help me Keep my House?
Despite hopes that foreclosures will slow down later in the year, many people are still facing the very real prospect of losing their homes. However, you may have options that could save your home and some of your assets by filing for bankruptcy. Chapter 13 bankruptcy can allow you to modify your home loans, depending on the circumstances and your financial situation.
Kansas City Attorneys for Bankruptcy
There are many reasons to contact a bankruptcy lawyer if you are facing foreclosure. Bankruptcy can offer much needed debt relief and in some cases can help you keep your home. The bankruptcy process can be complicated, so it’s important to have the right legal counsel. If you are facing foreclosure, our Chapter 13 bankruptcy attorneys may be able to help. Also, you can follow us on Facebook and Twitter, and be sure to check in on our blog for more bankruptcy news.
The Sader Law Firm – Kansas City Bankruptcy Attorneys