Sunday, February 12, 2012

How To Stall a Foreclosure

How To Stop a Foreclosure

Keith Gilabert of Policy Research Firm BentleyForbes, said, “Whether or not you can stop a foreclosure proceeding depends on a number of factors, most importantly is how much you owe and what the loan value is compared to the rest of the market.  If you are upside down more than 15% and behind on your payments, it’s time to move on.  The restructuring needs to make sense to the bank, they will not lend based on your emotional attachment such as neighbors or the school yours kids want to stay in.”

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