Is it possible to stall foreclosure and live in your home rent free for two years during foreclosure?

Question

How long do I have to stay in my house if I am about to stop paying my mortgage and foreclose due to the fact I am upside down on the mortgage?

Answer 1

anything is possible but the longer you put it off the worse off you will be!!!

Answer 2

While foreclosure is a terrible time for any family, there are specific rules and procedures involved with foreclosure that allow for quite a bit of breathing room, and therefore time before moving out.  

The term stalling foreclosure is more a term to describe following the proper procedure during foreclosure which then could possibly lead to a stay of up to two years in your home.  This two years of not paying any rent would be invaluable to anyone needing to save money and set up a proper situation for their family.  

These procedures are obviously kept secret, as you can tell most families just pick up and move out of their homes.  Bankruptcy attorneys often charge hefty fees and can handle many parts of the foreclosure process.

From what I know, the process of staying two years in your home rent free has to do with bankruptcy, and following up on every appeal and procedure possible in the foreclosure scenario.

The only resource I have found online in this regard is a site StallForeclosures.com.  Apparently after experiencing the foreclosure process for two years, and staying in their home rent free, they wrote a book about it, so that other families who just need some more time can have it.  

I would suggest checking out that site for anymore information to this regard.  

Answer 3

you can try it...I highly doubt it'll happen!

Answer 4

It is the bank who stalls the foreclosure, you can't do anything to stall it.  I know a family who stopped making payments nearly one year ago.  Foreclosure proceedings are not yet complete today, so they could have lived there rent free for nearly one year but they moved out because they really didn't know how long foreclosure would take and how much time they would have had to move out if they waited until the very end.