Stop Foreclosure - Does Bankruptcy Stop Foreclosure [HD]

Stop Foreclosure http://www.consumerdefenseprograms.com/a

In this video, Foreclosure Expert Corey Vandenberg explains if filing bankruptcy will stop foreclosure.

Hi, my name is Corey and in this video I want to address the question of whether or not a bankruptcy will stop a foreclosure. Not only is it a common question, it's a commonly misunderstood question. There's a lot of bad information out there. If you've talked to investors, realtors, or anyone not a bankruptcy lawyer than you probably got either some bad information or some incomplete information. Let me give you an example. A lot of times investors will tell you that bankruptcy doesn't stop foreclosure or that it only stops it temporarily. What they're doing is leaving out part of the information because that's what serves them best. If you think bankruptcy's not going to help, then maybe what you'll do is end up selling your house to them. Alternatively, and a lot of the time, real estate agents will give the same advice because, well what serves them is for you to list your house and do a short sale with them. I'm going to give you the big picture so that you really understand what your options are. What you're really needing to ask yourself is what is it I'm trying to accomplish, and typically there's two things. One, you're trying to keep the house. Or, two, you're trying to avoid the negative consequences that could come from foreclosure, such as a deficiency judgment or the tax consequences, and that's fine. Bankruptcy will help you in either situation. You want to look at a Chapter 13 bankruptcy if you're trying to keep the home. The reason is because it allows you make a payment plan, and you can make equal payments and catch up on the past due mortgage payment. Alternatively, if what you're trying to do is make sure that you don't suffer negative consequences, like a 1099 for the taxes or a deficiency judgment for the remaining balance, then you can simply do a Chapter 7. In either situation, it's going to buy you time, even in a Chapter 7, typically you're going to buy yourself anywhere from 30 to 90 days of time to figure out what you need to do, land on your feet, or whatever it is you're trying to accomplish. Just understand that when others give you that information that, "Oh no it's not going to work" they're kind of just either playing you, or they're not giving you the full big picture because they're not telling you what each chapter does and how it could be useful. Either way, it is going to temporarily stop the foreclosure and it is going to help you accomplish your goal whether it's to stay or leave without any negative consequences. To address any further questions that you might have about foreclosure defense, please go to our website. If you're on YouTube right now, there's a link below in the description, it's to ConsumerDefensePrograms.com/a You can click the link below in our video description or type it in the browser and go there yourself, but we have a free eBook available there for you. You can download that and get a lot of your questions answered. As well as when you go to our website, there's a lot of great information and articles and other things there to answer any questions you have about foreclosure defense.

Below in the video description is a link to our site. Go there and download the eBook now. It's absolutely free. There is no reason why you shouldn't download it and read it today, and it may just save your home. After reading the book, you may feel like you still need help, you may feel like you still need a little bit of guidance. We have a coaching program available. The first step is reading the book, but realize, we do have coaching where we can work with you one-on-one in helping you out any way that we can.

1. By: VinceKhan
2. Categories Other
3. Views 2
4. Added :08-Nov-11
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