QUESTION
Can I stop foreclosure after loan modification?
Asked on Dec 23rd, 2012 on Foreclosures - North Carolina
6 ANSWERS
Bankruptcy Attorney serving Phoenix, AZ
at
Law Office of D. L. Drain, P.A.
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Did you comply with the terms of the loan modification? If not, then the lender has a right to foreclose. Talk to the lender.
Answered on Dec 30th, 2012 at 6:19 AM
You can initiate a lawsuit for injunctive relief or short sale the home.
Answered on Dec 30th, 2012 at 6:18 AM
Civil Litigation Attorney serving Federal Way, WA
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Stasch Law LLC
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If the loan was modified and you are current on the modification payments, there should be no foreclosure. If you have stopped making the payments or are delinquent on the payments, the lender can foreclose.
Answered on Dec 28th, 2012 at 12:07 AM
1 Award
Depends on what the terms of the modification are, and whether you have complied with those terms.
Answered on Dec 27th, 2012 at 11:57 PM
Insurance Litigation Attorney serving St. Petersburg, FL
Partner at
Gallagher & Associates Law Firm, P.A.
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Yes, you can stop foreclosure after a loan modification. However you must have legal or factual defenses. You need an attorney to assert them.
Answered on Dec 27th, 2012 at 11:05 PM
Chapter 13 Bankruptcy Attorney serving Winston-Salem, NC
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Love and Dillenbeck Law
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You may want to re post your question and add a little more if this doesn't answer it. Typically a loan modification re-writes the loan and stops foreclosure because you are considered current, but only after the loan modification becomes current.
Answered on Dec 27th, 2012 at 10:57 PM