Reprinted Articles

Can bankruptcy stop a foreclosure or repossession? Many, many bankruptcies are filed to stop foreclosures. So long as the bankruptcy petition is filed before the day the real estate is sold, and in some cases within 10 days thereafter, the foreclosure can be stopped. Bankruptcy can also stop a repossession. A court order is entered automatically upon filing of the bankruptcy case which prohibits creditors from taking any action to collect their debts, including repossessions.

Will filing bankruptcy stop foreclosure? Up until the foreclosure sale occurs there is still hope. If a sale date for your house has been set you need to act fast. We have stopped sales set for the next day but this is very risky and some lenders will not agree to it. You’re best option is to take action immediately to stop foreclosure before it goes too far. Click here to contact USLM today for a free eligibility assessment.YES! You have the right to sell your home right up until the moment the foreclosure takes place. However, you need to act quickly in order to avoid foreclosure and protect your credit, because time is not on your side. Click here for more information about Stopping Your Foreclosure.

Will bankruptcy stop the foreclosure of my home? Filling for bankruptcy will stop the process of foreclosure on your home. In most cases, once you file your case, an “”automatic stay”" immediately goes into effect. The automatic stay means that a bankruptcy filing automatically stops most lawsuits, including foreclosures. However, you will still need to do specific things to be able to keep your home, including perhaps choosing to file a Chapter 13 instead of a Chapter 7. We’ll discuss this in detail during our meeting.We simply buy the house from you quickly. The bank will be happy to be paid in full. You walk away with your credit intact and able to buy another home in the future. Often, you can even put cash in your pocket. A foreclosure on your credit report is very bad. You will not be able to buy a home with a traditional mortgage for years. You may have difficulties finding a landlord who will rent to you.

How many options are there to stop the foreclosure action against my house? There are at least ten (10) different options you have to prevent the mortgage company from taking your house. Many investors try to deny this fact. Benefacts explains each of these options to our clients, helps them determine which alternatives best fit their particular situation, and works to make sure we reach a solution before the auction.The good news is YES you can! There are many ways to stop foreclosure. You will of course have late payments on your credit report. That damage can not be un-done. But you can keep more late payments, and a foreclosure off your credit report. The first thing most people consider is Bankruptcy.

How many options are there to stop the foreclosure action against my house? There are at least ten (10) different options you have to prevent the mortgage company from taking your house. Many investors try to deny this fact. Benefacts explains each of these options to our clients, helps them determine which alternatives best fit their particular situation, and works to make sure we reach a solution before the auction.Our company specializes in resolutions of mortgage delinquencies or home foreclosure claims on behalf of you, the homeowner.

Can I Stop Foreclosure by Selling? YES! You have the right to sell your home right up until the moment the foreclosure takes place. However, you need to act quickly in order to avoid foreclosure and protect your credit, because time is not on your side. Click here for more information about Stopping Your Foreclosure.Filling for bankruptcy will stop the process of foreclosure on your home. In most cases, once you file your case, an “”automatic stay”" immediately goes into effect. The automatic stay means that a bankruptcy filing automatically stops most lawsuits, including foreclosures. However, you will still need to do specific things to be able to keep your home, including perhaps choosing to file a Chapter 13 instead of a Chapter 7.

Tags: Finance