Foreclosure

Hi Guest,

Welcome to DebtCC.

If lender have denied your loan modification application then you have to reapply for loan modification. May be the lender or creditor will reconsider your circumstances & may give you a payment plan, which will make it affordable for you to pay off the loan. You have to negotiate with your lender about your situation. Hope he will help you.

Thanks.
Chandrashekhar.

The sale date is set....reapplying for a modification now wont cut it....they take months.

You may want to look at a chapter 13/

IF I WERE YOU I'd make a complaint to the FTC and the banking authority who oversees your account (which depends on the kind of financial institution it is of course).

If they are foreclosing and your foreclosure is based on one of the robo-signed affidavits which are mostly proving to be meritless and not worth the paper they are written on you can contest it that way.

Some people have been wrongfully turned down for a modification. They should show you how/why you don't qualify. If the reasons they turned you down are not sustainable then you may have a chance yet again.

The whole thing is so complicated a legal opinion or two or three is the best bet for you.

I believe that neither re-applying nor filing a bankruptcy is going to work in these conditions.If anyone files a bankruptcy for stopping foreclosure, the opponents can challenge the automatic stay in the court.

AS LONG as all the qualifications are met I can't see why there would be a problem. Obviously, everyone who files bankruptcy is seeking to avoid some kind of debt so I'm afraid I don't understand your objection. There is a means test which must be met but other than that I'm not sure where you are trying to go with this?