How Do You Stop A Foreclosure After A Sheriffs Sale?
Your home likely is your most significant investment from both a personal and financial perspective. You want to do everything possible to protect that property, even if you are in the midst of serious financial difficulties, including foreclosure. Even after a sheriff’s sale in a foreclosure case, you have legal options to aid you in keeping your home. Redeem your home if you live in a state that permits this. Redemption is paying the balance due and owing on your home, together with all other costs and fees incurred over time. Bankruptcy loans are available on a limited basis to finance redemptions. File for bankruptcy. If you are unable to obtain the funds to redeem your home, or if your state does not have a legal mechanism for redemption, bankruptcy can protect you. The moment you file a bankruptcy petition, the bankruptcy court issues an order of temporary stay that stops your foreclosure after a sheriff’s sale. Declare your residence in foreclosure as exempt. Your residence is e
