I only work 20 hours a week and waiting for my disability hearing. I just didn't have the funds to make my mortgage payments.
You are able to stop a foreclosure in three ways:
1. Ask for a five month postponement under Minn. Stat. sec. 580.07.
2. Submit an application for loss mitigation under Minn. Stat. sec. 582.043.
3. File chapter 7 or 13 bankruptcy.
These three ways of stopping foreclosure are automatic and except in extraordinary cases it is not possible for the bank to proceed with foreclosure if you avail yourself of any of these three laws. Most foreclosure lawyers' websites including mine have information about how these three approaches work.
You will probably want to get a five month postponement. Hopefully that will give you enough time to get the Social Security situation figured out, and maybe you will get retroactive pay, which will be sufficient to reinstate. Otherwise you could do a chapter 13.
Only a MN mortgage foreclosure defense and bankruptcy attorney has the expertise to prevent you from having more problems than you can possibly imagine. To properly answer your questions and address your concerns, the best way to handle this is with an in person consultation. You need to retain the best mortgage foreclosure defense and bankruptcy attorney you can afford. You should not be restricted by geographic factors. Pick the best lawyer you can find and remember one rule: a good lawyer is generally never cheap, and a cheap lawyer is generally never good so don't choose based on price. You should not be restricted by geographic factors. THIS IS NOT LEGAL ADVICE! YOU NEED TO SPEAK TO AN ATTORNEY WHO IS LICENSED IN YOUR STATE FOR LEGAL ADVICE. This is merely suggestions for you to think about in discussing your situation with the local attorney.
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