Can I stay in my home if I file for bankruptcy during a foreclosure?

Yes, it is possible for you to stay in your home if you file for bankruptcy during a foreclosure in Washington. Under Washington law, if you file for bankruptcy before your home is foreclosed, it will place a stay on the foreclosure process while your debt is being addressed. The stay prevents the lender from continuing to pursue foreclosure against you. During this time, you will have the opportunity to save up enough money to make your payments current or negotiate a loan modification with your lender. However, it is important to note that even if you are able to file for bankruptcy and stay in your home, that does not necessarily mean that you won’t have to eventually face foreclosure. In many cases, lenders will still make the decision to foreclose on a home even if the homeowner has filed for bankruptcy protection. Therefore, it is important that you seek out legal assistance to make sure that you are making the best decisions for yourself and your family.

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Can I stay in my home if I file for bankruptcy during a foreclosure?

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