When faced with foreclosure many homeowners are at a loss on what they should do, Some may contemplate filing bankruptcy and think this will stop foreclosure.
Chapter 13 is not the Answer to Stop Foreclosure
Sadly, after filing Chapter 13 they often discover that their home mortgage is excluded and their credit now faces showing a bankruptcy and a foreclosure. Some homeowners mistakenly believe filing bankruptcy will stop Murfreesboro TN foreclosure because when Chapter 13 is filed an automatic stay is generally granted.
This stay does temporarily stop creditors from attempting to collect from you and will stall your Murfreesboro TN foreclosure. However, this is TEMPORARY and will not stop foreclosure.
The Lender can Foreclose and Ask for The Stay to be Lifted
Mortgage lenders will generally ask the stay to be lifted from your mortgage. The lender can then ask for permission to foreclose and in most cases foreclosure on your Murfreesboro TN home will proceed This is especially true if you only have only one mortgage.
You will be Asked to Make Monthly Mortgage Payments on Time
If the stay is lifted and you are allowed to stay in your home, you will be required to make monthly payments on time. You will also be expected to being your mortgage current within a specific period of time. Since most people filing Chapter 13 to avoid Murfreesboro TN foreclosure are doing so because they can no longer afford their monthly payment, this option does not work out for most people seeking relief.
Avoid Foreclosure Murfreesboro TN Short Sale Expert
Filing bankruptcy should not be used as a means to remain in your home or find financial relief for selling your Murfreesboro home. Working with a Murfreesboro TN Short Sale Expert to negotiate a Murfreesboro TN short sale on your home is the best option for homeowners who find themselves underwater in their home.
If you feel trapped in your home and would like to discuss your options in short selling versus losing your home to foreclosure, please contact me today! Stop Murfreesboro TN foreclosure without filing bankruptcy!
Sherri Wellborn, Murfreesboro TN Real Estate Affiliate Broker
I’m a proud member of the Middle Tennessee Association of Realtors, Tennessee Association of Realtors, National Association of Realtors, Realtracs MLS Listings the regional Multiple Listing Service for Middle Tennessee, and Diverse Solutions Home Search Tools.
These relationships guarantee my Middle Tennessee area buyers immediate access to hundreds of the newest Murfreesboro, Brentwood, Franklin, Nashville, Hendersonville, and Smyrna listings added to the market each day while also providing my Middle Tennessee sellers extensive exposure to a vast network of home buyers at the local, national and even international level!
I pride myself on putting my customer’s priorities above all else and being committed to protecting their best interest! My passion for Middle Tennessee real estate and attention to detail ensures my clients receive first class service with integrity.
Whether you are moving across town or relocating to from across the nation, I would love to help you with your Middle Tennessee real estate needs! When you are ready to buy your first home, sell your existing home, or would like to invest in real estate in the Murfreesboro, Franklin, Brentwood, or extensive Nashville Tennessee area, please give me a call! Let me help you use the power of technology to get the results you want!
I service Middle Tennessee real estate sales in the following areas:
- Murfreesboro Real Estate
- Brentwood Real Estate
- Franklin Real Estate
- Nashville Real Estate
- Christiana Real Estate
- Goodlettsville Real Estate
- Hendersonville Real Estate
- Joelton Real Estate
- Lascassas Real Estate
- La Vergne (LaVergne) Real Estate
- Mt. Juliet (Mount Juliet) Real Estate
- Rockvale Real Estate
- Spring Hill Real Estate
- Smyrna Real Estate
- Thompson Station Real Estate
- Whites Creek Real Estate
I have been listing and selling homes in and around Middle Tennessee for the last 10 years. Call or send me an email so we can discuss how I can best serve your Rutherford, Davidson, Williamson, Sumner, and Wilson County Real Estate needs!
Sherri Wellborn, Realtor®
Short Sale Superstar
BENCHMARK REALTY
125 River Rock Blvd. Suite
Murfreesboro, TN
615-566-3789 – cell
sherri@sherriwellborn.com
http://sherriwellborn.com
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