Things You'll Need:
- access to a computer, and the internet. Some cash, forms from the office supply store.
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Step 1
Prolonging foreclosure is not the easiest thing and this article is dedicated to those who have ruined their credit because of the late payments and the fileing of the Lis Pending by the lenders attorney. I have prolonged this process for as long as four years in some cases.
Some of the things at your disposal. You need to answer the NOD within the time limit usually thirty days from the day you got it into your hands. Try to use a similar format to theirs. Can be bought in a good office supply store. This way they can't steam roll over you. Do not deny anything that is true just respond back to their questions and statements . -
Step 2
Call the lender and tell them you are trying to get the money to catch up. Plus ask about their cash for keys program, sometimes you can get a couple thousand dollars just to move out, if you give them a convincing story about the expenses you will incur to move. Tell them you will sell the house because you may have an interested buyer, if they will consider a short sale, because the home has lost so much value (not your fault or theirs). If you like I can help you with this. My e-mail is jdclardy@charter.net. Understand that if they accept a short sale they will charge you the tax on their loss which is your gain (there is a possibly a way to avoid this).
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Step 3
While in this process be getting prepared to filechapter 7 bankruptcy (on your own). Even if you do not go through with it you could gain up to six months of time. Afterward, if your wife is on the deed or mortgage then she can file and even if she does not go through with it you could gain up to six more months, then believe it or not you both can file and even if you do not go through with it you could gain up to six more months and so on. Until the Trustee puts a stop to it maybe not. Their are places on the Internet like http://www.bridgeportbankruptcy.com and plenty of others. There are some things you should know about the short sale that are important. Plus some things about getting rid of credit card debt that you should know. There is a program on the Internet that gives all the answers step by step that cost $175.00 but I think it is well worth it. By the way in order to start a chapter 7 you will have to pay Bridgeport a small fee I think around $200.00, and the state is around $200.00 also well worth it. This should be enough to get you started. Good luck, by the way I do not get paid for this and I would appreciate if you would look at some of the advertisers because I get paid for click throughs. Thanks J.D.
