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Foreclosure Forum |
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RELEIF FROM STAYAfter converting a chapter 13 to chapter 7 in June 2001, the lender was granted a relief from stay on July 26th. I AM IN a position to play catch-up but I am not certain that I'll have the opportunity. I owe approx. $59K and am in arreages by $11K. I can put down 20% of the arreages and pay twice the mortgage over the next year to catch up. HOWEVER, I'm working w/a non-profit housing counselor who doesn't seem certain this will work. I guess I'd like for someone to tell me if it's possible to reclaim my home, and will/should I invest in legal services to assist me. I'm extremely hesitant to invest in legal services if the idea isn't plausible. I just got back on my feet and can't afford personal attorney's fees - I am already paying the lender's attorney's fees. Any advice would be greatly appreciated. Of course, time is of the essence.
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