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#1 - Reinstating Your Mortgage. #2 - Negotiating a Workout. #3 - Refinancing Your Home. #4 - Arranging A Short Sale Of Your Property. #5 - Arranging a Deed in Lieu of Foreclosure (Giving Up the Property) #6 - Setting Up A reverse Mortgage. #7 - Giving Up your Home. #8 - Strategic Default.
Hear this out loud PauseBefore relief may be granted, there are three primary elements that must be pled and shown by evidence (i.e., verified allegations for a TRO and testimony in a temporary injunction hearing): (1) the applicant is seeking permanent relief, either by way of a suit for damages or a permanent business injunction; (2) there ...
Hear this out loud PauseYou can potentially obtain a TRO by convincing the judge assigned to your case that you would suffer harm that could only be described as ?irreparable? if they don't halt the foreclosure process temporarily. Sometimes, the TRO process all takes place within 24-48 hours. A TRO is, by definition, temporary.
Hear this out loud PauseYou have up until 5 days before the foreclosure sale to ?cure? the default and stop the process. This is called ?reinstatement? of the loan. At least 21 days after the date when the Notice of Sale is recorded the property can be sold at a public auction.
Hear this out loud PauseOnce you are served with the Ex-Parte TRO, you may request a motion to modify or dissolve the TRO after giving your spouse 48-hour notice and seek attorney fees if the filing was false or frivolous.