Many bankruptcies are being filed in Georgia and other countries to prevent family home forfeiture. Not only do they come for eviction, but they also realize that the family’s home is about to be lost after a time of financial trouble. It’s certainly understandable that no one wants their families to be uprooted to find another place to live when they can save their homes. The day of the foreclosure on the first Tuesday of the month in Georgia is by far the busiest day of the month for the filing of bankruptcies. The query, therefore, is how to prevent foreclosure in Georgia.
Filing a bankruptcy petition will automatically delay the revocation due to compulsory residence. And if the mortgage comes after the petition has been filed, as though the mortgage agent was unaware of the situation, the foreclosure sale is null. To prevent selling forfeiture, it is clear that filing for bankruptcy is the best choice for that reason, even if the case is filed early on the day of deprivation. There are exceptions and restrictions. Next, filing a lawsuit is a temporary benefit: the right to use bankruptcy to settle long-term financial problems. This can be done in the situation in Chapter 7 or Chapter 13. If this is the third time in a year, the auto stay will not apply, and the lender will be able to enforce the mortgage case (although they are generally insured and will still stop the sale). Finally, in scarce situations, for example, If the owner has not taken a bankruptcy or other legal action to postpone the sale, request an immediate hearing on the foreclosure day and demand that the judge authorize the foreclosure.
If you are facing foreclosure, and in particular, if you have received a foreclosure notice, please contact a reputable lawyer or two and schedule your appointment. If you are in Georgia, find various good lawyers in your area and arrange free initial consultations.
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