How can my house from foreclosure if the bank begins the process?
We bought a house a few years ago in Texas. We live in this house. We are independent and we have hit the industry hard. We have no house payment made in five months. The money is slowly coming back and we can now give $ 1,200 per month, but we can not pay debts zurück.Wir called our mortgage bank (SunTrust) and they told us we had to talk to a consultant to mitigation. We received a letter saying the house will be sold on January 7. The loss mitigation people tell us we have to wait until they call us before we can help. They say it takes up to 30 days to receive a call. Well, if we wait for his call, the house will be auctioned. What can we do? They will not talk to us. We have a loan guaranteed by HUD. Now we have hope and demanded that obviously did not help. HUD is a wealth of information about rebuilding online, forbearance, and repayment plan options. We can not try to help someone around us to qualifizieren.Wenn for these options, we can not achieve the reduction of losses, these are our options? We received some letters from bankruptcy lawyers. The letters refer to chapters seven and eleven. If we can save our home with the bankruptcy, which is the best way? Any ideas on how to provide loss mitigation to know us a little longer for us to work for them? Thank you for your help.