how do i not lose my house from forclosure when i have done everything possible?

Answer 1

I don't know what "everything possible" means in your case, but please make sure you have tried these things before you give up.

First, have you talked to the lender? I know that sounds silly, but so many people get hung up with the collections officers that they never actually talk to someone who works with the actual lender. If it is a bank or finance company, call them, or, much better--go there in person.

Banks do not want to foreclose. They then have a house that is hard to sell. They would much rather work out a payment plan if they can. So, if you are snowed under by other bills, you may be able to work out a deal where you pay less for a while, or you extend the number of years so that your payments can be reduced. Banks often agree to all kinds of things?

But how do you get ideas for working out a plan? That's my next suggestion: Go to a NON-PROFIT credit counseling service, run by a city or county office, or perhaps by a reputable charity or social service agency. Do NOT go to a private credit counselor that wants a big fee. Generally, these are pure rip-offs. But a non-profit agency can often work between you and your creditors. Having a neutral party can make a big difference. If you haven't been down this route, find a credit counselor TODAY. Start with your city or county government. Look in the phone book and start dialing numbers. Somebody does this. And as I said, there are often charities that have programs like this, so check with Lutheran Social Services, Catholic Charities, Jewish Social Services, or whatever your group is and ask. If they don't do it, there may be someone there who knows who does. (You will not be the first person to call for help.)

If all else fails, do you have friends who have some money? No, don't ask them to pay your arrears on the house. Ask them if they will BUY your house. Really. Some years ago, I knew someone who had about 10 friends get together to buy the house of another friend who faced foreclosure. They put up the money to pay off the whole mortgage, and then the friend whose house it was started paying off as if his friends were the bank. This person had a job and could handle a mortgage, but once he got behind, he couldn't get clear until his friends stepped in. The friends got interest, just like a bank, and the owner got to keep his house. Once he was back on his feet, he took out a regular mortgage at a bank and paid everyone off.

You are in a tough situation, and I feel for you. But try these ideas. Good luck!!

Answer 2

If you have done everything then you might want to consider filing for chapter 13 bankruptcy. As soon as you file it immediately stops ALL foreclosure proceeding and any other debt actions. A court will look over your particular situation and determine an amount that you can afford to pay every month, which is usually a very small amount. To start it up you need to contact a bankruptcy lawyer, it doesnt cost that much to start it and in most cases they will even include it in your bankruptcy case...it might be worth considering

Answer 3

procuring foreclosure could be a powerful determination while you're searching for for some thing greater inexpensive as long as you be certain you realize what you're procuring. particularly situations they warfare to ward off disclosing code violations and different issues to ability shoppers. this is important which you be certain you realize the ultimate inquiries to ask because of the fact various the time they gained't inform you except you ask and are very forward approximately it. while i grow to be searching for residences I encountered that that's achieveable to stumble on foreclosure that are no longer in unfavourable shape, yet you will could ensure which you're responsive to all situations that could come alongside with purchase which comprise responsibilities for paying back taxes, late utilities, etc. reckoning on what section you're observing procuring a house in, that's amazingly person-friendly for the shopper to could %. up portion of the late costs for centers which comprise water besides as paying portion of back taxes that are particularly situations themes with foreclosure. under no circumstances enable them to tell you which you will no longer have it inspected or which you may purchase it till now you get a itemizing of code violations. particularly situations they're so wanting to coach foreclosure that they warfare to tear off shoppers, so as long as you're conscious and understand what to look for and what to stay remote from you would be risk-free. while observing residences i actually grow to learn as quickly as that i could no longer step foot interior the valuables till i offered it. they actually attempt to place one over on people, hoping that they're going to fall for his or her hints. Be one step forward, constantly. Do your analyze and additionally you may get a powerful deal in case you put in the paintings and don't suggestions doing some maintenance. i've got been interior some foreclosure the place the individuals ripped out the furnace, flooring, partitions and plumbing and now the financial enterprise is caught with a shell. Others are very effective and seem no diverse than the different residences you spot on the industry. no longer all foreclosure are undesirable, whether that's necessary be conscious that as quickly as residences are left vacant for a whilst they could be goals for scrappers searching for a rapid greenback and regularly the interior finally ends up being torn up and destroyed.

Answer 4

If you can't pay the mortgage payments and the taxes, there isn't much you can do to stop foreclosure. Sorry.

Good luck.

Answer 5

Pay the mortgage.

Answer 6

You can't stop foreclosure. You can just delay it for a long time. Sorry.
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