If you have a sale date fast approaching on your property and it is your goal to stay in your home the time for concern is now. You are on the brink of losing your house and it is very important to take all the necessary steps to stop this. Many people may advise you to file bankruptcy and although this can stop the sale, this is not always the right answer. A bankruptcy is a very harsh thing to put on your credit and is only a temporary solution to the problem. In fact, if it only means you will be staying in your home a little bit longer, is it even worth it?
A better way to stop the sale, if possible, is to get a complete loan modification package on file with your lender. If you can prove, in enough time, that you have a complete packet on file, with no additional docs needed, then most lenders will postpone the sale until they can see if you do qualify for a loan modification.
Remember, it can be very helpful to work with a company that knows what they are doing in these stressful times. In most cases, it can be very beneficial to have a lawyer in your corner.
