Foreclosures: Staying in Your Home Longer by Kahane Law Office

www.KahaneLaw.com Foreclosures are scary. When the bank is trying to take your house away you may not know what to do. Obviously our first advice is to always make your mortgage payments but sometimes life does not let you. There are several things that may be done so that you can stay in your home longer. Depending on how much equity you have in your property (the net worth after the mortgage) you may be able to get an extra six months or more. Sometimes you can even negotiate a new payment schedule, even if you cannot pay back the whole amount right away. Make sure you speak to a lawyer if you are in this situation. The Kahane Law Legal Minute is brought to you by Jeff Kahane of Kahane Law in Calgary, Canada. http://www.KahaneLaw.com/ (403) 225-8810 Kahane Law Legal Minute - Foreclosures: Staying in the House Longer Do you have a legal question you'd like "The Kahane Law Legal Minute" to answer? Add your legal question in the comments below or contact us at [email protected] WARNING: This presentation is for LEGAL INFORMATION ONLY. Laws will vary by jurisdiction. They also may change by legislation or court ruling. Each situation is different and no one rule applies to every situation so it is IMPORTANT for you to contact a lawyer to get legal advice specific to your situation.