I keep seeing ads for ebooks etc. that say you can stall the foreclosure process and stay in your home rent free for 2 years. I know that filing bk can delay it for a few months. Anybody know of other things you can do post bk to stall it as long as possible?
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Respond to the summons with affirmative defenses. If they have a lost note count, a lost mortgage count, or are missing an assignment of mortgage, these are all things you can argue in your favor. If all this fails, you can show up at the hearing and ask the Judge for a delayed sale date, or claim that you are working with loss mitigation and need more time before final judgment is entered.Chapter 7 Filed: 12/22/08
341 Meeting: 1/22/09
Discharged and Closed: 3/24/09 -
I was a foreclosure specialist for years with a mortgage company that serviced loans nationwide. Normally it would take about 11 months for the bank to foreclose on the house and that is without you doing anything. We had people that lived in there house for almost 16 months before it actually foreclosed because they filed chapter 7 the day before the foreclosure sale. Now due to the economy the mortgage companies are giving 2-3 more months extending the foreclosure sales. It depends on the investor, FREDDIE, FANNIE, FHA. Hope this helps.Comment
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