Great question.

If you want to stay in your home and avoid foreclosure, there are several paths you can take:

Loan Modification: Ask your lender if they can adjust your loan terms to lower payments or make them more manageable.

Repayment Plan: Work out a plan to catch up on missed payments over time.

Forbearance: Request a temporary pause or reduction in your mortgage payments.

Reinstatement: If you can pay the full amount you owe (including fees), you may be able to stop foreclosure and reinstate your loan. Contact us we may be able to pay your reinstatement for you depending on the amount.

Sell Your Home: If staying isn’t an option, selling your home could be a smart financial move. You can sell outright, use a short sale, or work with us a pre-foreclosure specialist.

Yes, bankruptcy can pause foreclosure and give you time to reorganize your finances but it creates extra payments on top of your mortgage.

So you will have a hefty mortgage and bankruptcy payment every month which makes it hard to afford and ultimately you will be back in foreclosure.

Chapter 7 Bankruptcy:

Temporarily halts foreclosure.

Frees up income by eliminating unsecured debts like credit cards.

Requires you to separately work out how to catch up on your mortgage.

Chapter 13 Bankruptcy:

Lets you create a repayment plan for missed payments over 3-5 years.

Helps you stay in your home if you can maintain your current mortgage and repayment plan.

Reasons not to do this: Please keep in mind you have to pay a lawyer to file it, it ruins your credit completely, and it doesn’t make the debt just go away like nothing happened. You will still have t repay the debt in monthly payments you can’t afford anyways…

If your home is sold at a foreclosure auction, the timeline for moving out depends on state laws and the circumstances of the sale.

Eviction Notice:

Once the new owner takes legal possession, they can knock on your door the day of the sale at anytime and they must serve you with an eviction notice, which typically gives you 1 to 30 days to vacate.

Absolutely! We specialize in both personal and business tax services, and our experts are here to provide tailored advice and solutions for your specific needs.

Every case is unique, but we often delay auctions in 24-48 hours every case is different please book a call.