The Benefits of a Bankruptcy or Foreclosure Course
A bankruptcy course or a foreclosure course can be useful tools, but
each for different reasons.
Both courses deal with financial matters
and both courses can teach homeowners who face foreclosure how
to...
More
The Benefits of a Bankruptcy or Foreclosure Course
A bankruptcy course or a foreclosure course can be useful tools, but
each for different reasons.
Both courses deal with financial matters
and both courses can teach homeowners who face foreclosure how
to fight a motion to lift the automatic stay on their debts.
Of late, homeowners have been experiencing success in their quests
to prevent mortgage lenders from going ahead with a foreclosure,
because they learned through a bankruptcy course, how to lift the
automatic stay on the property.
When a homeowner files for
bankruptcy, his or her creditors can no longer engage in activities
that are related to collecting debt from him or her.
This probation is
what defines the automatic stay, meaning that collection activity is stopped or stayed while
one s bankruptcy case is on hold pending the courts.
A good bankruptcy course or foreclosure
course can teach both homeowners and lenders steps they can take to get the desired result
regarding
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