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  • How Bankruptcy Can Help to Stop Foreclosure?

    There are mainly two laws for bankruptcy: Chapter 7 and Chapter 13 bankruptcy.
    In the Chapter 13 bankruptcy, you can qualify for the repayment loan to pay off the amount due on your mortgage As long as you would be regular with the payments, you would be able to avoid foreclosure.
    In the Chapter 7 bankruptcy, all your debts are canceled, including the home equity loans and mortgages. It also forgives the homeowners for tax liability.
    For more detail about bankruptcy here

  • #2
    This story is false and misleading. The laws of every state are slightly different. However in dead hold states foreclosure will not stop a foreclosure sale. It will only slowing it down depending on the attorneys. With bankruptcy it in a deed hold state does not protect against a collateral loan. In fact this in most real estate license class.
    Alan Plager
    Berkshire Hathaway HomeServices
    Top Ten for units US 2015
    Over 6,000 Units Sold
    Toll Free 1-888-722-2098
    Office 727- 451-8776


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    AgentLinkus Member


    carolineallison I help my clients make long-term financial decisions with respect to their real estate investments, whether for personal use or investment. Find out more about carolineallison

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