Can I stop a foreclosure and keep my house?

Bankruptcy can be utilized to stop foreclosure by filing a case prior to the foreclosure sale. A Chapter 13 plan allows three to five years to catch-up the back payments while you maintain the regular ongoing payment. Even if you cannot afford the regular payments, if you have equity in the property, your Chapter 13 plan can give you time to sell the property and recover your equity.

Category: Chapter 13

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