JASON SACKOOR, ESQ.

I’ve previously posted about when it’s time to push the panic button. You receive a notice of sale – your house is about to be auctioned off to the highest bidder and you’ve decided that urgent action is needed. You know that the only option you have left is the nuclear option: filing bankruptcy. There are any number of ways that you got to this point, but none of those reasons matter at this point. You have to declare bankruptcy and you have to do it NOW. People never pla

Most people are too shy to say the words out loud, but I have enough experience to know what you’re thinking. You want to beat this foreclosure action against you. You don’t want to modify your loan. That’s only a temporary solution. A band-aid on a gunshot wound. A modification might increase your payment, it might increase the amount of years, and deep down, you just don’t want to keep paying this debt. You don’t just want to have the case dismissed on a technicality;

In an earlier post, I mentioned that one of the unanticipated consequences of falling behind on your mortgage and finding yourself in foreclosure is that you’ll start to get solicitations from people who are trying to buy your house. I know that this causes discomfort. This week, I heard three real life stories about this from three different people who showed me just how deep this discomfort is. That’s why it’s the subject of my blog post this week. What you’re about to

You’ve decided to press the panic button. The auction of your home is scheduled for tomorrow. For the past two weeks, you’ve had strangers call you on the phone and knock on your door asking you to buy your house from you for some paltry sum. They talk to you like you’ve already lost your home. “Take this $10,000,” they say, “at least you’ll be able to walk away with that.” If you listened to me earlier and got ahead of this, maybe even when you first fell behind on your

I’ve previously given you all a long form answer to the most commonly asked question by people facing foreclosure, which is “how long do I have?” This post is going to give you the basics to the second-most commonly asked question by people facing foreclosure – what are my options? What you will see below is a general list. Not all of these options may apply to your particular situation. It’s possible that none of these situations apply to your personal situation. You’ll p