The answer is no. Your bank can proceed with a foreclosure even if you are working on a loan modification.
You may have to consider filing for bankruptcy in Michigan. Filing for bankruptcy will stop the foreclosure process temporarily. If you file a Chapter 13 bankruptcy you have up to five (5) years to catch up on missed payments. A Chapter 7 bankruptcy will eliminate unsecured debt (like credit cards or medical bills) so that you have extra money to pay on your mortgage.
If you have any questions about Bankruptcy in Michigan, call the law office of Attorney Mike Shovan with the Bay Area Bankruptcy Clinic at (877) 233-9389.
Michael J Shovan PLC is a debt relief agency and we help people file for bankruptcy under the laws of the United States Constitution, Article 1, Section 8.
This post is for informational purposes only and is not intended to constitute legal advice. Any relationship with this firm will be established by a written agreement signed by both you and me. If you have read this far, you need to call me at (877) 233-9389 or email me at mike@mikeshovan.com.
I can help you.
Stop the madness. Let’s put a plan together. I did it and so can you.