How Do You Stop Mobile Home Foreclosure?
“Hi this is Matt McKillen with Innovative Financial Group. The question posed to me today is how do you stop a mobile home foreclosure? There’s a couple of different options for stopping a foreclosure action on your mobile home. One is to brings you loan current. Generally if you can bring in the delinquent payments plus any fees that have been incurred by the lender, now this can be attorney’s fees to process the foreclosure, there may have been monies advanced for your homeowner’s insurance, or your property taxes. You can usually consult the attorney for the bank, get a payoff amount, what it’s going to take to bring the loan current and in doing so you would stop the foreclosure action on your house. Another way to stop the foreclosure is by filing a bankruptcy. It’s really not a stop, it’s more of a stall, chapter 13 is the wage earner plan, it freezes the foreclosure action so that you in term can work out a repayment plan with the bankruptcy court to pay the rear back on your mo
