Can I stop a foreclosure sale without filing for bankruptcy?

Yes, it is possible to stop a foreclosure sale without filing for bankruptcy in Massachusetts. To do so, there are several steps that need to be taken. The first step is to contact your mortgage servicer (the company that collects payments on behalf of the lender) to see what options have been made available. The servicer may be able to offer you a loan modification, special forbearance, or other options. If the servicer is unable to help, you may be able to get assistance from your state or local housing office, which could provide advice and guidance. You also have the option to file a Chapter 13 bankruptcy case. In this type of bankruptcy, you can establish a plan to reduce your existing debt. The plan would need to be approved by the court and would require you to make regular payments to the trustee who will in turn pay your creditors. This option may help you to save your home from foreclosure and restructure your debt. Finally, it may also be possible to temporarily halt a foreclosure by filing something called a Motion for Relief from Stay. This type of motion allows you to ask the court to delay the foreclosure for a certain amount of time while you explore other options. The court will take several factors into consideration, such as your income and assets, when making a decision. If you are facing a foreclosure in Massachusetts, there are ways to stop it without filing for bankruptcy. Before taking any steps, it is best to contact your mortgage servicer or a consumer debt attorney to discuss all of your options and determine the best course of action.

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Can I stop a foreclosure sale without filing for bankruptcy?

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