Avoiding Foreclosure on Your Lancaster Home
Foreclosure is a scary option, pick an option below to find out more about your options.
“List My House For Sale”
- Have 4-6 months? A listing may put more in your pocket
- Save your credit from the wreckage of a foreclosure
- See if your situation qualifies
“Get A Fair Cash Offer Today”
- Let us know about your situation and your house
- We’ll evaluate it quickly (usually within 48 hours)
- You’ll receive a fair win-win all cash offer
Want To Learn How To Stop Foreclosure Now?
So, are you in foreclosure and want to learn how to stop foreclosure now? We’ve created a few free online guides to help people just like you navigate foreclosure.
You aren’t the first person to go through a foreclosure, it’s an event that many Americans go through. So don’t feel ashamed. It happens to a lot of good people.
The best thing you can do right now is to educate yourself on your options. Selling your home may be the best option for you (we’ll make a fair all-cash offer on your house today, just let us know about your situation here <<), often we are able to help homeowners completely stop foreclosure all together. Without exploring your options first however we have no way of knowing how to help you. Simply fill out a form and get in touch.
Ways You Can Stop Foreclosure
There are multiple ways to stave off foreclosure on your Lancaster, PA home. We outline some of the best ones below for you to review.
File Bankruptcy to Stop Foreclosure
Filing for bankruptcy is one of the ways that you can delay a foreclosure. When filing a bankruptcy you automatically trigger what is called an “automatic stay.” This prohibits the bank from trying to collect it’s debt or foreclose on your debt. The bank must file a motion of relief for that stay to be released to the court in order to proceed with the foreclosure. Be sure to consult an attorney about whether to choose chapter 7 or 13 bankruptcy filings.
File a Lawsuit to Stop the Foreclosure
If your bank is working outside of the court system, in a non-judicial manner, you can sue the bank to stop the foreclosure. In order to prevail you must be able to prove:
- Violated a state law
- Can’t prove it owns the promissory note
- Didn’t act in compliance with State mediation requirements
- made some grievous error
- didn’t follow all the steps in the foreclosure process (as required by law)
The big downside to this approach is that lawsuits are expensive and that you could be stuck with court fees if you lose your suit.
Apply for a Loan Modification
In this process you work with the bank to modify the payment structure of your loan to create a plan to get back on track with your mortgage. This normally occurs in states that prohibit dual tracking, a process involving the bank proceeding with the foreclosure while a loss mitigation application is pending. Federal law and state regulations have specific stipulations that must be followed in order for the bank to proceed with certain options.
Sell Your House For Cash
One option that many people examine is to sell your property for cash. If you owe money on your property you may be able to take a cash offer to walk away from your property immediately without worry. We will buy your house for a fair cash offer and help you move to a safe, secured place of your choosing.