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Re: stopping foreclosure

Posted by EricH on May 23, 2001 at 11:36 AM

In Reply to: stopping foreclosure posted by todd-wa on May 23, 2001 at 9:29 AM

: Is there a way to stop a foreclosure that is schedualed for sale in 2 days after the person has had the ch 13 dismissed?

: I would like to work out a purchase from them.

***

Sure, have the individual file another Chapter 13.

We were chasing a foreclosure yesterday and discovered that the owner had filed "emergency filings" in Chapter 13 numerous times in the last year and each time it caused a postponement.

Just tell your property owner that this time it won't ever go past the initial filing, so it will automatically die after the 15 day grace period passes without him filing the balance of the petition.

Good luck with the deal.



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