Secret Options for Foreclosure
- Foreclosures can be stopped with some aggressive measures.house image by Karol Grzegorek from Fotolia.com
Being foreclosed upon can be a stressful time. Once the process has started, it can be very hard to stop. While there are some options that your lender can share with you to stop the foreclosure, there are also some secret ways that may help the process as well and keep you in your home. - File a temporary restraining order, or TRO, against a lender if you feel you can prove that being evicted would cause harm to your family. It also helps to give you extra time to get funds together for the lender. This is also a valid option if the lender has not been willing to work out a solution.
- Filing for Chapter 13 bankruptcy can freeze the foreclosure until the bankruptcy court hearing. If you can show that you are trying to make payments and have made an attempt to bring the loan current, the foreclosure may get thrown out in court.
- Have an expert look over your loan documents. He may find errors in the paperwork. If the documents have incorrect information the foreclosure may be stopped. You will need to file the audit at least 10 days before the scheduled foreclosure date.
