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Hi and welcome to JA. Ray here to help you today.
Yes you can you would have buyer pay off the loan through title company.They hold buyers funds,yer will pay off the loan, get a release, and then the deed is filed.You will need to see if buyer will pay the closing costs or you decide to split them.
But it is certainly possible for you to sell it on these terms.Title company can prepare a sales contract, hold funds, prepare the release and closing documents.This is a good way to resolve it.Any liens here would need to be cleared by the buyer in order to have clear title.
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Yes they do offer such programs.
Both the SDNY (Southern District New York), and the EDNY (Eastern District New York) offer foreclosure prevention programs designed to help a debtor filing bankruptcy avoid foreclosure by working with the creditor on some type of alternative plan. Because these programs are mandated by the bankruptcy court the lender is forced to work with your attorney on a solution. You are not guaranteed a mortgage modification, but the lender cannot drag their feet or delay the process as has been shown to happen with the modification programs being offered outside of the bankruptcy courts.
Contact the court clerk where you filed here and ask to sign up for this program and hopefully it will allow you to resolve your situation with lender.
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