Foreclosure Help!?

Question

My house is going on the auction block tomorrow morning at 10:30 am. Does anyone know what I can do to stop it?

Answer 1

Here are your options to get more time.

Call the lender and ask them to postpone because you are working on a solution to foreclosure. Fax them a letter requesting more time and documents proving you are trying to refinance, sell, etc.

Call the lender's attorneys and do the above. They will forward your info to the lender and the bank will make a decision.

Go to court and ask for more time. You'll still need a letter explaining why you want more time and documents backing up your claims.

Go to a bankruptcy attorney and file bankruptcy to stop the foreclosure auction. Bankruptcy immediately puts the foreclosure process on hold.

Answer 2

At this stage, NOTHING will stop that auction. It's scheduled and will go forward. Most states have varying periods of time after the auction before the sale is 'certified', meaning simply that you, the owner, have some specified time in which to redeem the property by paying in full what you owe in arrears.

I gather that you don't have these funds available, so you can consider the property gone to someone else, unless your wealthy Uncle George comes to the rescue at the last possible moment.

Answer 3

finally a query in my wheel abode. REO or actual belongings Owned via the financial organisation isn't a competent funding. as a count of reality that banks are no longer stupid. you are able to no longer basically walk into the financial organisation and ask them for a catalogue of their foreclosure. even though banks are no longer interior the actual belongings employer they are no longer likely to enable their final analysis get truthfully destroyed via only giving those homes away. Banks will consistently hire a realtor and attempt to get retail for the valuables, which in maximum circumstances they gets surprisingly close to to many of the time. whilst making an investment in foreclosure the terrific thank you to try this's to get a catalogue of people who're in preforeclosure or whose belongings is going up for sheriff sale (in Pennsylvania). as quickly as you have this checklist you need to get in touch with the owner and ask their permission to circulate to the financial organisation and talk on their behalf. that's right here the place you may get very sturdy deals on residences. you will then circulate and negotiate the value with the financial organisation. as quickly as you attain an contract with the financial organisation there are then many go out strategies you are able to persist with. you are able to speedy turn the abode via assigning or wholesaling the contract to a diverse investor. or you're able to do all the rehab and restoration artwork youself and hire it out for a month-to-month money circulate. So whilst coping with foreclosure do no longer anticipate the financial organisation to take administration of the valuables, you need to get to the present occupants and that's the place the actual revenue and exciting starts.

Answer 4

go to mikewatsoninstitute.com and post on the forums possibly someone can help.