Facing Foreclosure? 3 Options For Saving Your Home
When a foreclosure is a real possibility for you and your family, it is important that you take action quickly if you want to keep the home. Some actions will only temporarily stop the foreclosure to allow you time to explore other available options. Which option you choose to exercise depends on your situation:
File for Bankruptcy
A bankruptcy filing comes with several benefits, including an automatic stay. The stay basically puts a freeze on any actions your creditors can take until the court decides to life the stay.