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    tracytferrall's Avatar
    tracytferrall Posts: 1, Reputation: 1
    New Member
     
    #1

    Jan 22, 2008, 03:46 PM
    Statutory stay
    I live in upstate New York. I recently filed an appeal to a judges decision to allow a foreclosure on my home. My answer to the original motion was that I felt a need to audit the loan since they are telling me I owe more than double the amount that I originally took out. However the judge granted the order to foreclose anyway.
    My question is that I understand that this appeal will not stop the foreclosure. I was also told by an attorney that once I filed an appeal I automatically got a statutory stay. I thought I had to file a relief of stay to stop the foreclosure.
    I do not know what this is I would greatly appreciate it if someone would explain exactly what this is. The attorney I spoke to said it is complicated I should get a lawyer but am not financially able to afford it so I have been working pro se.

    Thank you in advance,
    Tracy
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
     
    #2

    Jan 23, 2008, 05:08 AM
    Hello tracy:

    If you want to save your home, you'll need to hire the lawyer. The banks have HUGE law firms on their side. You can't beat them by yourself.

    See if this lawyer will take payments. Otherwise, try to arrange for a short sale.

    excon

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