Filing a Chapter 13 bankruptcy proceeding will result in issuance of an immediate stay of any foreclosure, but it will only buy time until the bankruptcy court sorts out the financial situation. Get tips on delaying foreclosure proceedings with help from a civil mediator in this free video on foreclosure law.
Expert: Robert Todd
Bio: Robert Todd is the managing partner and president of Robert M. Todd, P.A. and Family Law Solutions.
Filmmaker: Christopher Rokosz
Bank of America is a MAIN PERPETRATOR of Foreclosure Fraud, throwing people out of their homes by forging the documents. DEMAND that your bank produce YOUR ORIGINAL mortgage note with your "wet ink" signature (a copy is insufficient, just like a copy of a dollar bill is not a dollar). If the bank cannot produce YOUR original signed note, they can be sued for the mortgage amount +3 times the amt. They've been caught FORGING. Do not refinance -- they get a NEW signature!
GThomason 1 year ago
First off, chapter 13 is not a good deal. True it does stop a foreclosure in the short term; it does not fix your financial situation. Chapter 13 is nothing but a modern day debtors prison. Sort of like house arrest with an ankle bracelet. You get punished for two incomes. If you are poor, you can file chapter 7 and walk away with no debt and start over. With 13, you are in hell for 3 to 5 years, unable to save, buy or anything else.
pa226p1246p 2 years ago