The Law Office of Mark J. Markus | Mark Markus
Filing bankruptcy will temporarily stop the foreclosure. How long depends on which chapter you file, what equity there is in the property, and a host of other factors. Chapter 13 enables you to catch up on past due payments so as long as you stay current, you should be able to stop the foreclosure altogether. Chapter 7 will likely only buy you a couple of months before the creditor gets permission to continue with foreclosure.
Answer Applies to: California