How can I stop my home foreclosure asap?
Tuesday, December 1st, 2009 at
12:12 pm
Home to be sole inside of thirty days we believe. How do we stop this process? we need help!
Tagged with: asap • foreclosure • home • stop
Filed under: Stop Home Foreclosure
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Have you tried calling them to find a solution? Alot of times if you can send them back payments owed or at least a partial they will add the rest to the end of the loan. Have you tried a refinace with someone? List the house for sale with a realestate company and file for bankruptcy. This can tie it up for a least a year and you can still live in it until it is resolved. You can also contact a lawyer that offers free consutations.
Bankruptcy will not stop a foreclosure, it is secured debt attached to the house. depending on your state laws and foreclosure process it can take up to a year (it does in Michigan) but in many states the redemption period is only a few weeks. Now is a good time to contact your lender, ask for a “letter of forbearance” or possibly a loan modification – if your credit has not been destroyed this may be your best option. Next I would look for a reputable investor or two and see if they can help. if none of these options work then it is time to call a realtor. Look in your local paper for the biggest ad you can find – why you ask? if they can afford to run a big ad week after week they are probably selling some houses – make sense?
John
http://www.washingtonpost.com/wp-dyn/content/article/2008/04/11/AR2008041101914.html
talk to the bank.. find a solution.. it is to the banks benefit for you to stay in the house and to maintain and pay the mortgage….