This depends on where you are from as in the United States each State is different. The problem is that your house is an Asset which has a secured lien on it. If the lender wants to collect on the lien then they have the right to foreclose, it was in the Mortgage agreement. However, if you are up to date on your mortgage you may be able to negotiate with the lien holder to keep paying the mortgage and keep the house from being foreclosed on.
One Response to “Is It Help After Filing Bankrupcty To Stop Foreclosure?”
November 10th, 2009 at 5:34 pm
This depends on where you are from as in the United States each State is different. The problem is that your house is an Asset which has a secured lien on it. If the lender wants to collect on the lien then they have the right to foreclose, it was in the Mortgage agreement. However, if you are up to date on your mortgage you may be able to negotiate with the lien holder to keep paying the mortgage and keep the house from being foreclosed on.
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