Blog Category: Foreclosure

The bankruptcy court can stop a foreclosure by granting a “stay“ order. This means that the foreclosure sale is delayed or even canceled. The stay may be granted if the debtor: (a) can prove that the lender has materially misstated its legal or contractual rights, (b) has a significant equity in the property, (c) and  … Read more

Many Americans are currently dealing with past due rent payments that they worry could result in their eviction. Even worse is the moratorium preventing landlords from acting on past due rent during the pandemic is soon to end; leaving many people worried about their home. Many are even asking, is it possible to file for  … Read more

Foreclosure is a legal process where mortgage lenders can take a home from a homeowner that has defaulted on their loan. Typically, the foreclosure process can last from one to seven months, depending on the state you live in. However, there are situations in which a mortgage lender may begin the foreclosure process after the first  … Read more

Former homeowners in the United States who thought they were avoiding foreclosure by arranging a short sale are now receiving notices that they owe the remaining balance on their original home loan. Short sales can occur months or years before receiving notifications of additional amounts due. When your home has been foreclosed on and auctioned  … Read more

If you are more than two months behind in your mortgage payments, you may be worrying that the foreclosure process will begin soon. Your lender has the right to take back the collateral if you stop making payments.  On your first missed payment, you may receive a friendly letter reminding you to pay. On your  … Read more

By using the process of foreclosure, a lender can take possession of a home that the homeowner has fallen behind in payments. This action can vary by state, and the process can take as little as one month or up to seven months to complete. Bankruptcy slows or even stops foreclosure and allows you to  … Read more

A mortgage lender can use a process called foreclosure to take a property from a homeowner that defaults on the loan. The foreclosure process can take anywhere from one to seven months, depending on the state you live in. By filing bankruptcy, all legal actions against you, including foreclosures will be stopped. Friendly Reminders A  … Read more

During the process of a foreclosure, the mortgage lender can take possession of the property that the homeowner is in default. The procedure varies by state and can take anywhere from one to seven months to complete. Although a lender can legally start foreclosure proceedings with the first miss payment, that usually doesn’t happen. Foreclosure  … Read more

When individuals run into really serious financial problems one of the biggest fears they have is losing their home. They automatically assume that if they are going into a bankruptcy that they will most definitely lose their residence. This is not necessarily the case and before making any decisions regarding your bankruptcy you really should  … Read more

As an individual that has run into dire financial difficulties and also being a homeowner naturally your first concern is going to be what is going to happen to your home. You may be on the brink where foreclosure is going to take place and you are trying to decide whether you should go bankrupt  … Read more