If a foreclosure sale is scheduled to occur in the next days or so, the best way to stop the sale immediately is by filing for bankruptcy. While this may stop the foreclosure for a while, the bank/lender will most likely ask the court to revoke the filing but that will give you a few weeks to regroup. The downside is that filing for bankruptcy staus on your credit for up to 7 years and can wreck havoc on your credit worthiness and ability to get any kind of funding.
A loan modification modifies the terms of your current loan. A loan modification will lower your mortgage and allow you to stay current on the loan and remain in your home.
You might be able to delay or stop the foreclosure by filing a lawsuit against the bank to challenge the foreclosure.
To prevail, you will need to show proof to the satisfaction of the court that the foreclosure should not take place because, for example, the foreclosing bank:
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Yes we can. We will be able to walk you through a few options depending on what stage you are in the process.
Even when it is just a few days, there are still a few options available to you to help keep you in your home. We will be happy to discuss those with you.
These options work, it just depends on where you are in the process. Sometimes the options that will work for you will require you to leave your home but will protect your credit so that once back on your feet, you will be able to go ahead and get another mortgage if you so desire. We will be happy to discuss these options with you as well so you can decide which works best for you/your situation
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