If you are really struggling to make mortgage payments, a Chapter 13 filing could
help stop foreclosure so you can stay in the home and catch up on payments.
The loans we provide might also be used to pay for emergencies
like stopping foreclosure and stopping a power of sale among others.
By bringing your 1st mortgage current with a 2nd mortgage we essential
stop foreclosure in its tracks.
Note: borrowers have a legal right and a window of time to cure a default to prevent or
stop a foreclosure from the lender.
When a property is owned by a person who is in the military and the mortgage payments are not made, then this relief act may
stop foreclosure based on certain criteria.
Many of our clients are behind on mortgage payments and file bankruptcy to
stop foreclosure via the automatic stay.
Consumers utilize chapter 7 to eliminate most debts, and they generally use chapter 13 to keep real estate and
stop foreclosure while paying off their debts with a payment plan.
While filing such a case will for a short
time stop foreclosure, you'll still have to pay your mortgage including past - due amounts, if you wish to keep the home.
When the consumer doesn't understand the terms of the reverse mortgage to begin with or their rights and options they feel helpless to
stop the foreclosure train.
A local bankruptcy attorney can help you decide if filing bankruptcy is the right option to help you and your
family stop foreclosure.
If you're someone who has missed several mortgage payments and is in danger of losing their home, for example, bankruptcy can
help stop foreclosure.
Note: borrowers have a legal right and a window of time to cure a default to prevent or
stop a foreclosure from the lender.
You can
stop foreclosure on your home, and make it affordable again by stripping a second mortgage.
In Florida, this is one of the most common ways for people to
possibly stop a foreclosure of a home, to catch up the arrears or get a mortgage mediation, or stop the repossession of a car, to get current on the loan.
Bankruptcy, although a last resort, will
stop foreclosure dead in its tracks due to the automatic stay that freezes all creditor collection actions the minute a case is filed.
[Note: Bankruptcy should be the last alternative or option and should not be used to
stop foreclosure unless you have no other option or else you need the protection of a bankruptcy due to other circumstances or situations you are currently up against.
FHA has long had a program called the Preforeclosure Sales Option which allows for the Pre-approval of the Short Sale and
stops all foreclosure activity for a prescribed amount of time to allow for the marketing of the property.