how to stop a forecloser

The mortgage company will likely have you fill out a hardship package and have you continue providing paystubs and bank statements while they review to see if you qualify for a mortgage modification. If you receive a modification, the arrearages will be put on the end of your loan and your interest rate may be reduced. One issue can be that banks take too long while determining if you qualify for assistance. The foreclosure process does not usually stop while they are reviewing your application. If you get close to a sale date- a Chapter 13 bankruptcy can stop the sale and get you into a repayment plan over five years for the amounts you are behind. A chapter 13 may be something to consider now if you have not been making any progress with the mortgage company- so you can stop the fees and penalties that are accruing on your mortgage. I would be happy to discuss any options with you.       We are a Debt Relief Agency. We help people file for bankruptcy relief under the Bankruptcy Code