Yes, we have worked with a lot of homeowners in foreclosure and have been able to stop the auction and keep it off their credit report.

The best way to stop the foreclosure is to bring the loan current. To do that you would need to pay all delinquent amounts as well as the costs and fees incurred by the mortgage company to file and process the foreclosure. Many borrowers are not able to bring the loan current and are forced to look at other alternatives to avoid foreclosure. See similar questions...

Yes. We can work with your lending institution to delay or stop the trustee sale while we negotiate with them to purchase the home. There are no guarantees that the lending institution will cooperate; however, we will do everything we can to save the home and your credit. If you're in foreclosure, you've got nothing to lose and everything to gain. See similar questions...

By almost any measure a completed foreclosure is the most damaging event your credit status can encounter – worse than bankruptcy. A foreclosure on your credit record will negatively impact your ability to borrow money for years. For most people, it is well worth the time and effort to solve the problem before the foreclosure is done. See similar questions...

Filling for bankruptcy will stop the process of foreclosure on your home. In most cases, once you file your case, an "automatic stay" immediately goes into effect. The automatic stay means that a bankruptcy filing automatically stops most lawsuits, including foreclosures. However, you will still need to do specific things to be able to keep your home, including perhaps choosing to file a Chapter 13 instead of a Chapter 7. We'll discuss this in detail during our meeting. See similar questions...

Yes. Options are available (if you meet the qualifications) but the longer you wait, however, the more some of these options will become unavailable. See similar questions...

YES! The automatic stay that goes into effect when a debtor files bankruptcy stops foreclosure. Chapter 13 bankruptcy forces mortgage lenders to allow debtors to 'catch up' on delinquent mortgage payments over a typically a 3 - 5 year period, curing the default on the mortgage. ( See the section above Will I loose my home if I file for bankruptcy?) See similar questions...

Yes, provided that you have not previously filed bankruptcy cases which were dismissed. A home is an asset usually secured by a mortgage. While a Chapter 13 will stop a foreclosure, unless you begin making current payments, a creditor will be successful in obtaining permission from the Court to institute a new foreclosure proceeding. Assuming you can make your monthly payments after you file a Chapter 13 Plan, you can catch up your arrearages under Chapter 13 and avoid foreclosure of your home. See similar questions...

While the Short Sale itself does not stop the foreclosure, lenders normally work with a homeowner and delay the foreclosure if necessary, if they receive a legitimate Short Sale proposal. The key here is to submit a complete, well organized, Short Sale proposal. The lender does not want your property, and would rather resolve the situation before the foreclosure is complete. See similar questions...

YES! You have the right to sell your home right up until the moment the foreclosure takes place. However, you need to act quickly in order to avoid foreclosure and protect your credit, because time is not on your side. Click here for more information about Stopping Your Foreclosure. See similar questions...

Many, many bankruptcies are filed to stop foreclosures. So long as the bankruptcy petition is filed before the day the real estate is sold, and in some cases within 10 days thereafter, the foreclosure can be stopped. Bankruptcy can also stop a repossession. A court order is entered automatically upon filing of the bankruptcy case which prohibits creditors from taking any action to collect their debts, including repossessions. See similar questions...

A property foreclosure is one of the most damaging events in a borrower's credit history. In terms of the effect on credit history, a deed in lieu of foreclosure or a short sale is not as adverse an event as is a forced foreclosure. See similar questions...

No. You've probably already exhausted all the options you could try on your own. If you're seriously behind on your mortgage payments, we can use our 18+ years of experience and top-flight negotiation skills to make foreclosure go away. Remember, we guarantee success! See similar questions...

Yes, Chapter 13 bankruptcy plans can arrange for car and mortgage payments in the reorganization, and the creditor is expected to accept these payments in lieu of foreclosure or repossession. See similar questions...

There are at least ten (10) different options you have to prevent the mortgage company from taking your house. Many investors try to deny this fact. Benefacts explains each of these options to our clients, helps them determine which alternatives best fit their particular situation, and works to make sure we reach a solution before the auction. See similar questions...