QUESTION
What legal rights do I have to stop a foreclosure on a house that is in my name but is being bought by my brother?
Asked on Sep 08th, 2011 on Foreclosures - Michigan
More details to this question:
He and and is wife have lived in the house for over 3 years. I just found out that they are 4 months behind on the payment and they mortgage company is wanting to foreclose. I am trying to stop it and want to know what legal actions I can take against my brother and his wife to get the money out of them for the last 4 months payments and to stop the foreclosure from the mortgage company. Even if I could get them to extend the date by a week it would help a lot.
1 ANSWER
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If the mortgage is in your name then you have standing to stop the mortgage foreclosure. But you must act before the sheriffs sale. One way , although not the only way is to file A chapter 13 which will allow you to catch up the arrearages over a reasonable period of time usually 3-5 years. You will have also have to make the ongoing mortgage payments. You may have other options as well . Contact an attorney ASAP. Time is very critical as you may lose valuable rights if you delay!
Answered on Sep 09th, 2011 at 11:55 AM