Foreclosure Cars
Need help on a good way to prevent foreclosure.?
I have a friend who has lived in her current home for over four years and was sold a Power Option loan, but was told it was an Interest Only loan. They are pretty much backwords on their mortgage and in major credit card/ car loan debt. I just found out that they will be losing their home to foreclosure at the end of the month, and they will file bankruptcy.
Is there a way we can help to keep their home from foreclosing? Any help, or tips is wonderful!
Bankruptsy should be a last resort. There are many ways to stall foreclosures or even have them thrown out. For example…Simply filing the intent of BK will stall the foreclosure for at least 30-60 days if not more. There are many other things that can be done as well…to many to list here.
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