Re: How long can I stall foreclosure?

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Posted by Paul Collins on December 23, 2002 at 23:00:33:

In Reply to: How long can I stall foreclosure? posted by ChicagoBernie on December 21, 2002 at 20:14:34:

Hi Bernie, my name is Paul Collins; I want to offer you some answers and some advise. Your foreclosure can only be prolonged with a Chapter 13 if you cannot get the lender to agree with a forbearance. A forbearance is where the lender will take your arrearage, break it up over a specified amount of months and add it to your regular monthly payments. A chapter 13 would buy you the time you need to enter into a deal with your employer.

Questions: Why doesn't your employer simply purchase the property and make you a tenant? (Land Contract/Rent to Own) Is it your wish to relocate? Would you like some alternatives to the entire scenario?

Paul Collins
Consultation Net Services LLC
Foreclosure Assistance Programs
CALL: 773-552-1911
Email: Hardcase1@AOL.COM

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Comments:
: Hi Bernie, my name is Paul Collins; I want to offer you some answers and some advise. Your foreclosure can only be prolonged with a Chapter 13 if you cannot get the lender to agree with a forbearance. A forbearance is where the lender will take your arrearage, break it up over a specified amount of months and add it to your regular monthly payments.  A chapter 13 would buy you the time you need to enter into a deal with your employer.

: Questions: Why doesn't your employer simply purchase the property and make you a tenant? (Land Contract/Rent to Own) Is it your wish to relocate? Would you like some alternatives to the entire scenario?  



: Paul Collins
: Consultation Net Services LLC
: Foreclosure Assistance Programs
: CALL: 773-552-1911 
: Email: Hardcase1@AOL.COM


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