U.S. Housing and Urban Development Secretary Shaun Donovan, who serves as President Obama's Chairman of the Hurricane Sandy Rebuilding Task Force, and Federal Housing Finance Agency Acting Director Edward J. DeMarco recently announced that the Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac will extend expiring
protections against foreclosure actions against homeowners whose properties were damaged or destroyed due to Hurricane Sandy.
Under chapter 13, you have
protection against foreclosure on your home by your lender as long as you meet the terms of the plan.
Not exact matches
The law caps credit card and mortgage interest rates while on active duty and provides
protections against eviction and
foreclosure.
[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.
However, if your finances are in a total wreck and you have received notice of
foreclosure or if a garnishment has been ordered
against your wages, your best answer may be to file for Chapter 13 bankruptcy
protection.
Obtaining summary judgment and dismissal of wrongful
foreclosure and consumer
protection act claims
against a residential mortgage lender and argument before the Court of Appeals.
Both Chapter 7 and Chapter 13 provide
protection against creditor harassment, and may be used to stop
foreclosure and repossession.
Chapter 7 and Chapter 13 bankruptcy are very similar in that both may provide relief for multiple types of debt and both may provide broad
protections against lawsuits,
foreclosure and repossession.