Posted on: 02nd Sep, 2009 07:58 am
I am in foreclosure but I want to reinstate my loan. The bank already set a sale date.How much time do I have?
Hi amf888,
Welcome to our forum.
After bank files foreclosure you can seek for court protection to avoide foreclosure in such case court will postpone foreclosure for next 6 month's & you can gather money to pay them. You can file chapter13 to by this way, you will be able to repay at least a certain percentage of the debt with the help of a trustee-approved repayment plan, that also, within a short period of 3 to 5 years from signing date.
You can get more information about "How to avoide foreclosure?". http://www.mortgagefit.com/foreclosure/17ways-avoid.html
You can also request to your bank to stop foreclosure of your home & reinstate your loan.
Thanks & Regards.
_____________________________________________________________
You can ask your further queries to us at any time.This is the worlds largest Mortgage Community.
Welcome to our forum.
After bank files foreclosure you can seek for court protection to avoide foreclosure in such case court will postpone foreclosure for next 6 month's & you can gather money to pay them. You can file chapter13 to by this way, you will be able to repay at least a certain percentage of the debt with the help of a trustee-approved repayment plan, that also, within a short period of 3 to 5 years from signing date.
You can get more information about "How to avoide foreclosure?". http://www.mortgagefit.com/foreclosure/17ways-avoid.html
You can also request to your bank to stop foreclosure of your home & reinstate your loan.
Thanks & Regards.
_____________________________________________________________
You can ask your further queries to us at any time.This is the worlds largest Mortgage Community.