Financial & Legal Foreclosure Solutions FAQs
Can Chapter 13 bankruptcy help me stop foreclosure?
Yes. Chapter 13 bankruptcy can stop foreclosure by creating a court-approved repayment plan that allows you to catch up on missed mortgage payments while keeping your home. Equity Shield can guide you in understanding whether this option is right for you.
What are repayment plans for foreclosure prevention?
Repayment plans allow you to spread out overdue mortgage payments over time, making it easier to get current with your lender. Equity Shield works with homeowners and lenders to negotiate manageable repayment terms.
How does loan modification help prevent foreclosure?
A loan modification can change the terms of your mortgage, such as reducing the interest rate, extending the loan term, or lowering monthly payments. Equity Shield assists homeowners in applying for and negotiating loan modifications to make housing more affordable.
Can I get a loan to stop foreclosure?
Yes. In some cases, foreclosure prevention loans or refinancing options may be available to bring your mortgage current. Equity Shield helps homeowners explore lending programs that fit their financial situation.
Is bankruptcy my only option to stop foreclosure?
No. Bankruptcy is just one of many foreclosure prevention strategies. Options include repayment plans, loan modifications, short-term loans, and legal protections. Equity Shield helps evaluate all possible solutions before bankruptcy is considered.
Does Equity Shield provide legal advice for foreclosure?
Equity Shield is not a law firm and does not provide direct legal advice. However, we work alongside attorneys and legal professionals to ensure homeowners have access to accurate information and proper representation if needed.
What financial documents do I need for foreclosure assistance?
Typically, lenders and courts require income statements, tax returns, mortgage statements, and expense records. Equity Shield helps homeowners organize and prepare the right documents to increase their chances of success with foreclosure prevention programs.
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