CAN A COMMON LAW LIEN BE FILED BY A HOMEOWNER IN POSSESSION OF HER HOUSE IN ORDER TO DELAY FORECLOSURE? I READ SOMETHING ABOUT IT BUT DON'T QUIET UNDERSTAND HOW IT WORKS. THANKS.LEONIEXXX@XXXXXX.XXX
State/Country relating to question: California
RESEARCHED ON LINE BUT CANNOT FIND ANSWER TO MY PARTICULAR QUESTION
I regret that what you are describing does not exist in law -- which explains why you cannot find anything about the subject.The only way to stop a foreclosure is to file for bankruptcy protection -- and for the bankruptcy to permanently enjoin the foreclosure requires that the debtor either be able to catch up on the payments or pay off the loan during the course of the bankruptcy plan (typically 5 years).Anyone who tells you different is selling spoiled fish.Hope this helps.
Attorney and Real Estate broker -- Retired (mostly)
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