Need Help To Stop Sherrif Sale

Comments(6)

• 
  TheShortSalePro28th September, 2003

  Need to know about the state in which the property is in, and what you would do if the sale could be stopped? Can you afford to make the payments if the loan were to be reinstated? Had you consulted with a bankruptcy attorney regarding a Chapter 13? Have you exhausted all nonforeclosure options and alternatives with your foreclosing mortgagee?

• 
  LuckyLadyD28th September, 2003

  The property is in PA. I now have the means to catch up on the back payments and continue to make the monthly payments. I haven't consulted an attorney as money is tight and I can't afford one at this time.

• 
  64Ford28th September, 2003

  Talk with the lender immediately, and tell them you can make up the amount you owe. If you can make up back payments immediately, do so.
  Good Luck!

• 
  JohnMerchant28th September, 2003

  There are only 3 ways to legally stop a foreclosure sale:
  
  1. By agreeemnt with the lender, it will hold off foreclosing for an agreed period to see if you do catch up.
  
  2. By filing a Ch 7 or 13, and that only stops it for a few weeks, before th lender files a motion to lift the BK stay and it will then proceed to foreclose.
  
  3. By filing a court petitiion asking the court to issue an injunction or stay against the foreclosure, on the basis of lender fraud of some other very good legal excuse why the foreclosure should not immediately proceed. Very rarely is this done, as a bond is required to even ask for an injunction.

• 
  InActive_Account29th September, 2003

  You say you have the means to bring the delinquent payments and associated fees current?
  
  The lender will welcome you with open arms. You can pay it all up front which is the most attractive means for the lender. You may be able to pay half the amount owed and the other half added to the back end of the loan. You may be able to make up the arrearages over a perior of 6-9 months with increased payments over that interval and then the payments revert to the original amount.
  There are several variations.
  
  You should contact the lender now. These things generally take time. You need to have some sort of agreement in writing as soon as possible.

• 
  LuckyLadyD1st October, 2003

  Thanks to all who responded to my problem. I acted on the advise given, contacted the lender, entered into an agreement and stopped the foreclosure.
  
  I fell a lot better now and am on the right road to keeping my house.
  
  Sincerely,