Stopping foreclosure after receiving a sale date notice
HALT the sale!
Most people have been told that the only way to postpone or stop a sale date is to file
an emergency chapter 13 bankruptcy. This is one way to get it done but there are a few
problems with this method. First, an emergency chapter 13 filing can cost $2,000 to $4,000
to get done. Second, a homeowner facing foreclosure is already dealing with enough stress and
credit problems without adding a bankruptcy into the mix.
There is another option that will postpone the sale date that is less expensive and will
not negatively affect your credit score. Our H.A.L.T. Program is Help Against Losing Title.
Every real estate transaction has a complaint resolution stating that the borrower has
a right to send a "Qualified Written Request" to the lender requesting an
itemized "audit" of their account. The problem is that the average homeowner
has no clue how to do that.
However, we do.
There are over 200 requests and questions regarding
the overall servicing and or condition of the borrower's loan in the letter sent out.
The lender has 60 business days to respond to the request which means the borrower has an
extra 90 days, according to ROWERS Settlement Procedures Act,
12 U.S.C. Section 2605(e), Regulation X at C., to stay in the property.
During these 90 days we can complete your loan modification which means you keep
your house and can afford it again.
Contact Us today and find out how
you can keep your home.