Can I Stop Foreclosure Without Filing Bankruptcy?

Can I Stop Foreclosure Without Filing Bankruptcy

Can you stop foreclosure without filing bankruptcy? The answer depends upon how far in default you are on your mortgage payments. If your mortgage company hasn’t yet scheduled a foreclosure auction, you may have options better than bankruptcy. But once an auction has been scheduled, in most cases you cannot stop foreclosure without filing bankruptcy. […]

Will Partial Payments Delay Foreclosure?

Will Partial Payments Delay Foreclosure?

If you have missed mortgage payments, you may wonder: Will partial payments delay foreclosure? In most cases, unfortunately, the answer is No. If your mortgage company actually accepts your payment, they will not apply it to your most recent bill.  To stop or delay a foreclosure, you must get the bank to agree (in writing) […]

Should I File Chapter 7 or Chapter 13 to Stop Foreclosure?

Should I File Chapter 7 or Chapter 13 to Stop Foreclosure

Which bankruptcy should I file? Chapter 7 is quick and easy, but Chapter 13 allows repayment of missed mortgage payments. Whether you file a Chapter 7 bankruptcy or a Chapter 13 bankruptcy, the “automatic stay” goes into immediate effect. The automatic stay prevents your creditors from taking any steps to try to collect money from you. Both Chapter 7 […]

How Bankruptcy Prevents Foreclosure

How Bankruptcy Prevents Foreclosure -- Lee Legal -- DC VA MD foreclosure defense lawyer

Though most people automatically associate the word “bankruptcy” with disaster, fortunately that’s just not true. Bankruptcy can actually help prevent a debt-related catastrophe like foreclosure. And a good bankruptcy attorney will be there with you through every step of the process. Read on to learn how bankruptcy prevents foreclosure. Foreclosure filings — default notices, scheduled auctions […]