Property
Basic Information
When you are delinquent in your mortgage payments, the lender will notify you that you need to get current with your payments by a specified date or the lender will record a Mortgage Payment Default stating the amount of the default to be paid by a specified date which is usually within 30 days.
If you are unable to become current within 30 days, the mortgage lender will file a 2nd Mortgage Payment Default. At this point, you will have 30 more days to become current before a 3rd default is filed. The 3rd default recorded is your last chance to become current with your defaulted monthly mortgage payment amount.
If you are unable to pay the entire amount of your default at the time of your 3rd default, the lender will then record a Foreclosure Sale Date of your property, usually within 20 to 30 days.
How to stop your Sale Date
1. File a State Action for injunctive relief or a Restraining Order for which there is usually not enough time to Overcome at this foreclosure stage.
2. The Lender is willing to postpone the Sale Date due to a pending Loan Modification.
3. File a Bankruptcy to stop the sale (Please check the information below for the various bankruptcy chapters).
If you decide to file bankruptcy, I will give Notice to the Lender of a filed bankruptcy. This Notice will stop the sale of your property on the scheduled foreclosure date.
Bankruptcy protects your property from Foreclosure. I have stopped many foreclosure sales, often only minutes from the scheduled Foreclosure Sale date and time. I will file your bankruptcy case electronically and I will stop your sale while you are in my office.
I will discuss your options and concerns regarding filing a bankruptcy, cost, mortgage payments, and trustee payments free of charge.
Call Me at 888-302-0069