Is there any way to postpone foreclosure move out?
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Barbara Scott of Fort Worth, Texas, called me today asking for some options for her niece in La Verne, who has been battling ovarian cancer since 2005 and is losing her house, which was refinanced to pay mounting medical bills.
After she laid out the story, I told Barbara it did sound like at this point her niece would need to walk away from the house and rent, but to try the lender’s workout department in the hopes of perhaps postponing her Jan. 21 eviction. Even several months could be a help to someone who is battling a life-threatening illness. I gave her the numbers of some nonprofits that might help, including the Homeownership Preservation Foundation’s California hotline at (888) 995-HOPE, and told her I’d poll L.A. Land readers for other ideas.
As usual, general comments can be posted to the blog. Specific phone numbers and e-mail addresses should be sent directly to me at lauren.beale@latimes.com, and I’ll forward them to Barbara. This sounds way beyond the loan mod stage, but perhaps others who have been in a similar situation have some insights on how to buy some more time in the house.
-- Lauren Beale
Thoughts? Comments?
