What do you want of Home Loans After Bankruptcy ?.
Once loan modification or note workout fails, and the homeowner wants to keep the family home, someone else alternative is to file a lesson 13 bankruptcy motion to avoid foreclosure.
Indeed, foreclosure is reportedly soaring; and the filing of a lesson 13 bankruptcy motion results in automated stay of: (1) any operation against the debtor or the debtor's property to regain sums owed to creditors, (2) any compulsion of judgment against the debtor, and (3) repossession or foreclosure on any property of the debtor.
