Wondering how to stop foreclosure and keep your home ? There are certain steps you can take. These steps will help you curtail your house impending foreclosure without additional issues in the end. Interested to learn more about it? Why don’t you continue reading?
So, how to stop foreclosure and keep your home? The first thing that you can do is to declare yourself bankrupt. The moment you do this, the court will automatically issue an order for a property stay. This will put the foreclosure on hold. Be aware that lenders could try to circumvent this particular court order through another motion. However, even if the court grants the motion, it will still take a couple of months to affect the execution of the previous court order.
In addition, if a lender fails to make any motions for removal, the hold will still be in effect as long as the papers are being processed to foreclose. This can take as long as four months.
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