Can Bankruptcy Stop Foreclosure ?  

        Chapter 13 bankruptcy can be filed to stop foreclosure. Generally, as soon as the petition is filed, an automatic stay is entered.

This would temporarily stop the foreclosure activity along with all actions regarding collection of the remaining payment, regardless of whatever is the foreclosure proceedings stage. This automatic stay would give the person who has to repay debts and also his attorney some breathing time during which they can work an appropriate Chapter 13 repayment plan. More...

What Happens After Foreclosure ?

What Happens After Foreclosure ?

If you are not successful in postponing the foreclosure action, it would be in most cases, very difficult for homeowners to stop the process by the time of sheriff sale. After the foreclosure process is over, the state foreclosure law will define how long the victims will be eligible to stay in the home before shifting out.

Sometimes, they would give the permission of a few weeks before the people can find an alternate accommodation. In other cases, they would still be given sometime before which they can arrange for funds to pay off the loan and still gain the ownership. More...

 

Refinance While House Is In Foreclosure

Refinance While House Is In Foreclosure

It is possible to refinance your house while it is in foreclosure. It takes about eight months for the actual foreclosure process to take place from the time you have missed your first repayment schedule. If you take clever action as soon as possible, you can definitely save your property from foreclosure thereby, save your credit report from having the black mark of foreclosure.

To refinance your house while it is in foreclosure, you need to meet some criteria. You need to have at least 35 percent of equity to have a good chance of taking this step. If you have some temporary set back in your finance, you can take help with your current mortgage company and also the banks to help you. More...

 

WelcomeToWelcomeRocketswag

 

 

    
Can bankruptcy stop foreclosure -  Refinance while house is in foreclosure
 

Loans-For-People-In-Foreclosure      Foreclosure could be very devastating and traumatic for your entire family and creates a black mark in your credit report also. Though lenders may not be quite enthusiastic to approve a new mortgage loan and there may be some setbacks, it is not an impossible task. There are loans for people in foreclosure. More..

 


 

 

 
   
Home  • Bankruptcy Law   • Business Law  • Constitution Law • CopyRight Law   • Criminal LawEmployment Law   • Family Law   • Immigration Law   • Legal Dispute      • Malpractice   • Personal Injury   • Real Estate Law   • Tax Law   • Traffic Law   • Trust Law Legal News

Can bankruptcy stop foreclosure - Refinance while house is in foreclosure )
Copyright © 2012  Rocketswag.com, All Rights Reserved.