What about filing bankruptcy?

In some circumstances, a bankruptcy can be filed to stop the foreclosure sale and save the home. It may allow the debtor to keep the home by agreeing to repay the debt over time, usually three to five years.

Filing bankruptcy is outside the scope of the classroom, so it is recommended that you contact an attorney. If you are interested in filing bankruptcy to save the home, please note that you would need to file before the foreclosure sale.