| 2 options - bring the account current, or file for bankruptcy. Assuming you can't bring the mortgage current, filing for bankruptcy will immediately stop a foreclosure. However, assuming you are behind in the payments, a Ch 7 may not be possible if you want to keep the home. Ch 13 would allow you to put the arrears into the plan and keep your home.
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"Knowledge is Power - use it as you see fit !
I am not a lawyer or a member of the legal profession. My advice is based on research and experience, my own and others, some who practice law. You decide for yourself what actions you do or do not take from my advice.
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06-26-2005, 02:03 PM
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