Can a home foreclosure be stopped 5 days before sale?
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Foreclosure Prevention
Financial Services
If you can come up with the past due money plus penalties, you may be able to stop the foreclosure. I'm sure the penalties will be high as it will probably include legal and advertising fees. Laws vary from state to state. You're best off to check with your lender or an attorney.
Jim Reske, Realto
ERA Advantage Realty, Inc.
Port Charlotte, FL
www.flwaterhomes.com
You can sometimes stop foreclosure sales IF you file bankruptcy. They can ask the judge for a stay while the bankruptcy is worked through. It depends on the state you live in and if you are willing to file a bankruptcy. Sounds like with a pending foreclosure, bankruptcy isn't far behind or should have already been considered.
Contact the forclosing institution and ask what is necessary to stop the foreclosure.
If you can come up with the money owed to date you could probably file a motion for reinstatement and ask the judge to grant you a hearing prior to foreclosure. Ask your legal begal that represents you in the foreclosure or ask the court for legal assistance if you qualify they might be able to assing you an attorney for free.
Depends upon the law in your state and your lender's attitude. You're going to have bring it completely current.
Here in California you lose the legal right of redemption 5 days prior, but the lender can and usually will let you do it
Of course, your mileage may vary. Talk to a lawyer.
Home foreclosures have been stopped the day of the sale, where it was literally cancelled by a call received by an auctioneer on the courthouse steps.
Now if the question is can YOU stop your property from going to auction 5 days before the sale, the answer is still yes. All it requires is the bank to contact the trustee for whatever reason.
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