How can I stop foreclosure proceedings on my home?

How can I stop foreclosure proceedings on my home?
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1 Answer

Answer :

There are two ways to stop foreclosure proceedings. Come to an agreement with the bank and make a substantial payment. For many this is not an option, so the only other resort is filing Chapter 11 bankruptcy.
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Related questions

How far behind do you have to be before a lender can begin foreclosure proceedings on your home?

Description : How far behind do you have to be before a lender can begin foreclosure proceedings on your home?

Last Answer : Forecloseure proceedingsgenerally begin about 90 days after the last mortgage payment is made.

I decided to do a short sale on my property before it the mortgage company starts foreclosure proceedings. I approached a realestate agent and he told me he will handle everything. he will talk to the bank, get a buyer, etc. Should I let him handle it or should I approach the mortgage company first to tell them about the short sale?

Description : I decided to do a short sale on my property before it the mortgage company starts foreclosure proceedings. I approached a realestate agent and he told me he will handle everything. he will talk to ... him handle it or should I approach the mortgage company first to tell them about the short sale?

Last Answer : Get that puppy sold. You don’t have to let the mortgage company know. If you trust your agent then let them do their job and earn their commission.

Is there a guaranteed way to stop a foreclosure?

Description : Is there a guaranteed way to stop a foreclosure?

Last Answer : No, there is no guaranteed way to stop a foreclosure. In order to prevent a foreclosure, you can just pay your mortgage on time and you can read about it at hud.gov/homes/homesforsale.cfm

How can bankruptcy help stop a foreclosure?

Description : How can bankruptcy help stop a foreclosure?

Last Answer : Filing for Chapter 7 bankruptcy forces all of your creditors to stop harassing you, as all proceedings are temporary put to a halt while the bankruptcy is processed. However, you typically have to take the initiative and show proof of your bankruptcy to the bank for them to stop harassing you.

Will filing for bankruptcy stop the foreclosure?

Description : Will filing for bankruptcy stop the foreclosure?

Last Answer : Well, yes and no! Many homeowners will file for Chapter 13 specifically to stop their sale date. Only to find out later, that their mortgage is not included and now they may have both on ... collect or contact you. However, the automatic stay and the stopping of the foreclosure is ONLY temporary.

Has anyone successfully saved their home from foreclosure once a sale date has been set?

Description : Has anyone successfully saved their home from foreclosure once a sale date has been set?

Last Answer : answer:I can't give you an answer to your question. However, on the face of it, paying $2000.00 to anyone to do something that maybe you could do seems very foolish to me. I think someone may be trying ... lender, or you can't. No third party will be in a better position than you to plead your case.

Do any of you know the processes involved in home foreclosure?

Description : Do any of you know the processes involved in home foreclosure?

Last Answer : In today’s atmosphere they will be happy to have a cooperative mortgagee.

Comments on the guy who bulldozed his $350000 home so the bank would only get the pile in foreclosure?

Description : Comments on the guy who bulldozed his $350000 home so the bank would only get the pile in foreclosure?

Last Answer : Do you have a link? Sounds like a worthwhile read…

How do you purchase a new home once you have been through a foreclosure?

Description : How do you purchase a new home once you have been through a foreclosure?

Last Answer : Well it depends how long ago the foreclosure was. How is your credit since the foreclosure?

Is the buyer of a foreclosure home responsible for any back taxes still owed?

Description : Is the buyer of a foreclosure home responsible for any back taxes still owed?

Last Answer : As a technical legal rule, the answer is that the buyer of a foreclosure home is not personally liable for back taxes that remain owed. However, the back taxes may well still serve as a lien on the ... got a bill for six thousand dollars back taxes. She was unable to pay so she lost the house.

By Texas foreclosure law how long can a family stay in their home during the process?

Description : By Texas foreclosure law how long can a family stay in their home during the process?

Last Answer : The amount of time you can stay in your home vary from lender to lender. Your forclosure can be complete in as little as 90 days or take over 1 year to complete. You can stay in the ... to leave the property after the home hits the auction block. You will probably be served with eviction papers.

Is it a better deal to buy a new home or a foreclosure?

Description : Is it a better deal to buy a new home or a foreclosure?

Last Answer : You can typically find discounted realestate that has been foreclosed upon. Deals vary by region.

Where can I find Santa Fe home foreclosure listings online?

Description : Where can I find Santa Fe home foreclosure listings online?

Last Answer : There are quite a few websites online that boast Sante Fe foreclosures. You can check out the Yahoo! real estate Foreclosures: http://realestate.yahoo.com/search/New_Mexico/Santa_Fe/foreclosures and the ... real estate sites wil have this info. You can also find great information at www.zillow.com

my girlfriend's home has been in foreclosure for over a year. the bank tells her she still owns the home but they have recently put padlocks on the gates and changed the locks on the house. is she still responsible for the house or is the bank.?

Description : my girlfriend's home has been in foreclosure for over a year. the bank tells her she still owns the home but they have recently put padlocks on the gates and changed the locks on the house. is she still responsible for the house or is the bank.?

Last Answer : Since the bank padlocked it, it belongs to the bank. It appears, if they are not allowing her access to the home, that they have taken over responsibility for it. She should have been given notice to ... can do is tell her to contact the bank. They should be able to give her a straight answer.

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Being the non-member, who among the following can participate in the proceedings of either house of the Parliament without having right to vote? (1) ChiefJustice of India (2) President of India (3) Comptroller and Auditor General (4) Attorney General

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Description : Who can initiate impeachment proceedings against the President of India?

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Description : The Code of Professional Conduct would be violated if a member accepted a fee for services and the fee was a. Fixed by a public authority. b. Based on a price quotation submitted in competitive bidding. c. Based on the result of judicial proceedings. d. Payable after a specified finding was attained

Last Answer : Payable after a specified finding was attained

Which of the following mostly describes the function of AASC? a. To monitor full compliance by auditors to PSAs. b. To assist the Board of Accountancy in conducting administrative proceedings on erring CPAs in audit practice. c. To promulgate auditing standards, practices and procedures that shall be generally accepted by the accounting profession in the Philippines. d. To undertake continuing research on both auditing and financial accounting in order to make them responsive to the needs of the public

Description : Which of the following mostly describes the function of AASC? a. To monitor full compliance by auditors to PSAs. b. To assist the Board of Accountancy in conducting administrative proceedings on ... both auditing and financial accounting in order to make them responsive to the needs of the public

Last Answer : To promulgate auditing standards, practices and procedures that shall be generally accepted by the accounting profession in the Philippines.

Contingent fees charged by CPAs engaged in tax practice are permitted under the rules of professional conduct because: a. This practice establishes fees which are commensurate with the value of the services. b. Attorneys in tax practice customarily set contingent fees. c. Determination by taxing authorities are a matter of judicial proceedings which do not involve third parties. d. The consequences are based upon findings of judicial proceedings or the findings of tax authorities

Description : Contingent fees charged by CPAs engaged in tax practice are permitted under the rules of professional conduct because: a. This practice establishes fees which are commensurate with the value of ... . The consequences are based upon findings of judicial proceedings or the findings of tax authorities

Last Answer : The consequences are based upon findings of judicial proceedings or the findings of tax authorities

The Code of Ethics would be violated if a CPA accepted a fee for services and the fee was: a. Fixed by a public authority. b. Based on a price quotation submitted in competitive bidding. c. Based on the results of judicial proceedings in a tax matter. d. Payable after a specified finding was attained in a review of financial statements

Description : The Code of Ethics would be violated if a CPA accepted a fee for services and the fee was: a. Fixed by a public authority. b. Based on a price quotation submitted in competitive bidding. c. ... in a tax matter. d. Payable after a specified finding was attained in a review of financial statements

Last Answer : Payable after a specified finding was attained in a review of financial statements

Which of the following is not one of the grounds for proceedings against a CPA? a. Insanity. b. Immoral or dishonorable conduct. c. Gross negligence or incompetence in the practice of his profession. d. Engaging in public practice while being employed in a private enterprise

Description : Which of the following is not one of the grounds for proceedings against a CPA? a. Insanity. b. Immoral or dishonorable conduct. c. Gross negligence or incompetence in the practice of his profession. d. Engaging in public practice while being employed in a private enterprise

Last Answer : Engaging in public practice while being employed in a private enterprise

Which of the following statements concerning a CPA's disclosure of confidential client information is ordinarily correct? a. Disclosure should not be made even if such disclosure will protect the CPA's professional interests in legal proceedings. b. Disclosure should be made only if there is a legal, or professional duty to make the disclosure. c. Disclosure may be made to any party on consent of the client. d. Disclosure may be made to any government agency without subpoena.

Description : Which of the following statements concerning a CPA's disclosure of confidential client information is ordinarily correct? a. Disclosure should not be made even if such disclosure will protect the CPA's ... consent of the client. d. Disclosure may be made to any government agency without subpoena.

Last Answer : Disclosure may be made to any party on consent of the client.

In proceedings under IPO Act 1898 for recovery of any postage or other sum alleged to be due in respect of a postal article: (A) The presence of an officer of the Post office concerned shall be prima facie evidence under the said Act (B) The presence of an official of the Post Office concerned shall be prima facie evidence under the said Act (C) The production of the postal article, having thereon the official mark of the post office denoting that the article has been refused or that the addressee is dead or cannot be found, shall be prima facie evidence under the said Act (D) The statement under (A) & (B) above is correct

Description : In proceedings under IPO Act 1898 for recovery of any postage or other sum alleged to be due in respect of a postal article: (A) The presence of an officer of the Post office concerned shall be prima ... prima facie evidence under the said Act (D) The statement under (A) & (B) above is correct

Last Answer : (C) The production of the postal article, having thereon the official mark of the post office denoting that the article has been refused or that the addressee is dead or cannot be found, shall be prima facie evidence under the said Act

How does international law facilitate international trade and investment? A. It makes it easier to resolve contract disputes for firms involved in internatio nal trade and investment. B. It allows business to choose the most favorable national legal system to instit ute proceedings. C. The terms used in international conventions are open to differing interpretations. D. The Uniform Commercial Code favors big US multinationals.

Description : How does international law facilitate international trade and investment? A. It makes it easier to resolve contract disputes for firms involved in internatio nal trade and investment. B. It ... are open to differing interpretations. D. The Uniform Commercial Code favors big US multinationals.

Last Answer : It makes it easier to resolve contract disputes for firms involved in internatio nal trade and investment.

Who can initiate impeachment proceedings against the President of India? a. only Lok Sabha b. only Rajya Sabha c. either House of the Parliament d. any Legislative Assembly

Description : Who can initiate impeachment proceedings against the President of India? a. only Lok Sabha b. only Rajya Sabha c. either House of the Parliament d. any Legislative Assembly

Last Answer : c. either House of the Parliament

When the liquated company has adequate cash to pay off all liabilities , the interest on liabilities should be paid : a) Upto the date of commencement of insolvency proceedings b) Upto the date of actual payment of liabilities c) Upto the date of payment to shareholders d) None of the these

Description : When the liquated company has adequate cash to pay off all liabilities , the interest on liabilities should be paid : a) Upto the date of commencement of insolvency proceedings b) Upto the date of actual payment of liabilities c) Upto the date of payment to shareholders d) None of the these

Last Answer : d) None of the these