Can I Stop Foreclosure?

Can I Stop Foreclosure?

Many troubled homeowners often wonder, “Can I stop foreclosure,” and are commonly surprised to learn there may be many potential foreclosure defense options available to help them stop foreclosure. Not all foreclosure defense options may be available to every homeowner however. How many missed mortgage payments a homeowner has, how far along he or she is in the foreclosure process and the current state of his or her financial situation may all affect the potential availability of foreclosure defense options.

Homeowners wondering, “Can I stop foreclosure,” should consider exploring and learning as much as possible about the foreclosure process and foreclosure defense techniques. This may help prepare homeowners to find the most favorable alternative to foreclosure.

Can I Stop Foreclosure and Keep the Home?

Oftentimes just stopping foreclosure alone is not enough and homeowners facing foreclosure ask, “Can I stop foreclosure and keep the home?” The truth is, some foreclosure defense options may allow homeowners to stop foreclosure and keep the home while some foreclosure defense options may require homeowners to leave the home.

If you are wondering, “Can I stop foreclosure and keep the home,” you may wish to explore these foreclosure defense options:

  • Loan modification
  • Repayment plan
  • Mortgage forbearance
  • Chapter 13 bankruptcy

Can I Stop Foreclosure and Leave the Home?

Sometimes homeowners may recognize their homes have simply become too unaffordable and/or they realize they are facing a potentially long-term financial hardship. In these cases, homeowners facing foreclosure may just be ready to leave and ask, “Can I stop foreclosure and leave the home?” Luckily, there may be several foreclosure defense options available to help homeowners avoid the negative effects of foreclosure while leaving the home.

If you are wondering, “Can I stop foreclosure and leave the home,” you may wish to explore these foreclosure defense options:

  • Deed in lieu of foreclosure
  • Short sale
  • Chapter 7 bankruptcy