| Behind on your mortgage payments? Is your Bank | | | | 3. You may be able to file bankruptcy. A Chapter 13 |
| calling you or sending you threatening letters? | | | | bankruptcy is a payment plan and mayallow you to |
| Are you facing foreclosure and want to know how to | | | | pay your Bank. |
| stop bank foreclosure? | | | | If you are not totally concerned with keeping your |
| Actually, there is bad news and good news. | | | | house, but you want to stop bank foreclosure,you may |
| First, the bad news. There is only one way to avoid or | | | | be able to: |
| stop bank foreclosure. You have to pay the | | | | 1. Sell your house, or |
| Bank. When you bought or refinanced your house, you | | | | 2. Deed your house to your Bank. |
| gave the Bank a security interest in yourhouse. And | | | | It is vitally important to realize that there are different |
| just like with a car loan, if you do not pay your house | | | | options to stop or avoid bank foreclosure,but not all |
| loan, you will lose your house. | | | | options will work in every situation. What may work in |
| The legal process is what is called foreclosure. | | | | one person's situation may ormay not work in your |
| Now the good news. Depending on your situation, you | | | | situation. You need to check out each option and be |
| may have several options on how to payyour Bank. | | | | sure that it will workin your individual situation. |
| Here are three possibilities that may allow you to pay | | | | This article is general information. If you have any |
| your Bank in different ways toavoid bank foreclosure. | | | | questions of any nature about how to stopbank |
| 1. You can talk with your Bank. The Bank really doesn't | | | | foreclosure, talk with a lawyer licensed in your state. |
| want your house and may be willing towork with you | | | | This article may be republished, but the wording must |
| so that you can keep your house. | | | | not be changed and the author links below must |
| 2. You might be able to refinance your house. This | | | | remain active. |
| way you payoff the existing Bank loan. | | | | |