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There are several ways to stop a foreclosure. One of the most common ways to prevent a mortgage company from foreclosing on your home is to file Chapter 13 Bankruptcy. Chapter 13 allows you to reorganize your debt and gives you the opportunity to pay your mortgage arrearage over a 3 or 5 year period. It is important that you consult with an experienced Bankruptcy attorney and file your case before the date that the foreclosure is scheduled. Once the foreclosure sale is held, Chapter 13 cannot save your home. Filing Chapter 13 can also stop vehicle repossessions and may reduce your total monthly expenses.
We are in the middle of the most serious financial crisis since the great depression. The same lenders who contributed to this crisis with their predatory lending practices and bait and switch tactics are foreclosing on homes and repossessing cars at a record pace. You can stop these harassing creditors cold in their tracks by filing Chapter 13 or Chapter 7 Bankruptcy. Contact me now for financial help.