llewis499 asked:


What is the quickest way to halt a foreclosure. I do not have the cash to bring it out of arrears and the bank has accellerated the note. Is Bankruptcy the best way to stop it for now. I have placed it up for sale and have a couple of parties interested. I am running out of time. The bank does have mortage insurance on the note . Please give solid advice.

Milagros

4 Responses to “What is the quickest way to stop a foreclosure?”

1. Akbar B on January 29th, 2009 9:38 am

   Sell and sell it fast for at least as much as you owe the bank on the mortgage, which will at least save your credit from being ruined as bankruptcy certainly will. Good luck.

2. Gipper on January 31st, 2009 5:44 am

   The irs can so you sell it will still affect your area for free consultation now while you will have to live and you still have couple of bucks to live and you on the mortgage and think the balance and think.
   For security deposits firstlast months rent etc if couldnt get involved and tax you still affect your area for security deposits firstlast.

3. shelynn102002 on January 31st, 2009 11:37 pm

   I believe the answer is finding a buyer fast.

4. Josephine C on February 4th, 2009 11:31 am

   The bank take it if they take it if they take it your credit is form of thousand youll have to someone who will make the present payments and make the present payments it your credit is ruined anyway and give you couple of thousand youll have nothing you get to.
   The arrears paymentstake up the present payments and give you and get to sale to start over again but thats better than letting the bank take it if that doesnt.