How Do I Stop Foreclosure Myself Without An Attorney?
Posted: Saturday, March 12, 2011
by Matt Silverman
Can I stop foreclosure myself? If you have just a few days before a foreclosure sale, and want to save your home, then nothing matters more than STOPPING THE SALE NOW!
I would like to tell you the story of Linda, the woman who filed her own chapter 13 bankruptcy, so she could stop foreclosure without an attorney. And I would like to tell you the secret that could answer the question of how to stop foreclosure myself without an attorney.
And her bank wasn't being very nice to her. She had filed for a loan modification, and the bank was working on the loan modification in one department while the foreclosure specialists were pushing ahead with a sale date in their department. This kind of thing happens all the time, and it's not right.
Here's an important question. Can bankruptcy save my house? How do I know that filing chapter 13 bankruptcy to stop a foreclosure sale will work? The answer is in many locations, and here are two of them. "Once you file your Chapter 13 bankruptcy petition, the "automatic stay" stops foreclosure proceedings until your repayment plan is approved (or rejected) by the court" (source: Nolo Press). "The advantages of Chapter 13 ... include the ability to: stop foreclosures" (source Wikepedia). For specific questions regarding your situation, call a bankruptcy attorney. Many will give you some free advice if you come in and see them.
Here’s the secret to how Linda could stop foreclosure on her own without an attorney. What Linda did isn't the whole story. She didn't file a complete petition. She filed just enough documents to get her bankruptcy registered. That was enough to force her lender to stop a foreclosure sale in a day. Now she had time to breathe, and figure out what was the next thing she should do so she could save her home. Then the $1500 she was going to pay the attorney in a panic move, could be used with greater wisdom when her head is clearer. And that might mean using a bankruptcy attorney to complete the work she started. Or she might decide to join a lawsuit. But she had time to think and make a well thought out plan for saving her home.
About the Author: Matt Silverman is an author and publisher of loan modification software, an ebook on loan modifications. Matt has helped hundreds of families at various stages of their loan modifications. Matt lives in Concord, Massachusetts, has a background in real estate finance, and is a single Dad of 6 kids. Matt Silverman's new website that tells the story of how one person stopped her foreclosure by herself without an attorney. This website is a story that shows how one person stopped her foreclosure in a single day without an attorney -- every single detail – every single little step -- so that by the end it is clear exactly what steps she took to stop foreclosure. For more visit http://www.howtosavemyhousefromforeclosure.org
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