Avoid an Auction Strategy:
Bankruptcy

Active Income - Little to no Equity

Depending on the equity in the home and income you have, filing bankruptcy may be an option to postpone or prevent a foreclosure on your home. It may however leave a negative mark on your personal credit, but may accomplish your ultimate goal in the end.

Benefits of Bankruptcy

Immediate Stop

Bankruptcy will provide an immediate stop to foreclosure proceedings including pending sales.

Delay Pay

You will have the opportunity to make payments towards the balance owed alongside current payments.

Brings Loan Current

Foregoes delinquent balance due and allows you to make future payments towards debt.

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