How Can I Stop The Foreclosure Process Of My Home In Alabama?
December 12th, 2009 - ByPosted in Stopping Foreclsoure
Simply put, pay the mortgage. Short of that you need to contact the lender and try to work something out. You can try a short-sale or a deed-in-lieu of foreclosure. Both would stop the process but neither lets you keep the house.
Declaring bankruptcy will also postpone things a couple months but would you want a bankruptcy and foreclosure on your credit report?
Good Luck!
2 Responses to “How Can I Stop The Foreclosure Process Of My Home In Alabama?”
December 12th, 2009 at 2:10 pm
Your three choices:
1. Contact Loss Mitigation for the lender and work out a plan.
2. Come current on your loan.
3. File Chapter 13, which will stop foreclosure and buy some time.
December 12th, 2009 at 4:41 pm
pay your mortage bill.
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