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When Do You Have to Leave after a Missouri or Illinois Foreclosure?

There is no code that every lender follows for when they will tell you to leave your home if you have been foreclosed on in Missouri or Illinois. There are many different possibilities for when you will have to leave your home—which adds to the scariness of receiving a foreclosure notice. Legally, as soon as the sale is complete, you can be asked to leave. However, a typical lender will send you a notice when the sale is final giving you 15 days to leave. Remember, it is up to the discretion of the lender. And, while some are lucky enough to stay in the homes for longer, you never know when your lender will be kicking you to the curb.

On the other hand, the answer could be never. How? Chapter 13 bankruptcy in Missouri and Illinois can stop the sale of your home and give you protection from foreclosure., allowing you to catch up any missed payments, late fees, and penalties. Some people aren’t sure what their options are when they receive a foreclosure notice. After all, it is a completely devastating thing to receive and it is often unclear what your next move should be. Luckily, there are St. Louis Missouri and Fairview Heights Illinois bankruptcy attorneys who do know what your next move should be.

If you are thinking “Should I file Chapter 13 bankruptcy to save my home?” you aren’t alone. Bankruptcy filings in 2009 hit 1.4 million—and were mostly due to catastrophic events like job loss and foreclosure. Plus, bankruptcy can offer more than just protection from foreclosure. It can also be a solution to your credit card debt, stop your car from being repossessed, stop a wage garnishment, and more. Chapter 13 bankruptcy could just be the answer to your debt for which you’ve been praying.

You can find more information on how a Missouri or Illinois bankruptcy lawyer can help you with Chapter 13 by requesting a free copy of my ultimate Missouri and Illinois bankruptcy book, “Get Out of Debt: Secrets Your Creditors Don’t Want You to Know.” If you decide to surrender your home, it isn’t over. Make sure you know what could happen after a foreclosure sale—and why you might still want to consider bankruptcy.

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