Posted by Rich[FL] on February 28, 2005 at 11:49:21:
You should have the right to bring the loan current and continue from there. I haven’t heard of anything that would prevent a bank from letting an owner do that.
That’s the first place I would start. Check with the attorney handling the foreclosure for the bank and ask him where to send the check to cure the default. How much time to you have before the current sale date?
There may be other avenues to delay the sale and that’s all it would do - delay the sale; your best bet would be to bring the loan current as soon as possible.
How can I STOP FORECLOSURE SALE?! - Posted by Stonelove
Posted by Stonelove on February 28, 2005 at 09:40:11:
I filed for Chapter 13 around June of 2003. After my 3rd default, which unfortunately happens to be the time that I’m back on my feet financially, I received a letter from the Judge in my case (dated Feb 22 '05) approving the sale of my property and payment of claims.
I wish to keep my house and would like to know what options I have available. I reside in Prince George’s County MD and I currently owe approximately $130k on my 3 bdrm 2.5 bath end-unit townhouse with an inlaw apmt style basement that I currently rent for $650 a month. I make approx $57k/year as a federal govt. employee. Houses in my neighborhood are currently selling for approx $240K - $250k. I also have about $5k in the bank due to my tax refund - though i doubt tha attorneys for my mort. co. will let me catch up since they now have the approval order from the judge.
What options do I have to save my house? How much time do i have until the actual sale?