The “homestead” document that some people file at the county recorder will not prevent them from losing their house.During the BK proceedings…….. errrrrrrr fraud attempt,the lender will file a “Relief From Stay”.More often than not the lender will be granted a relief from stay,and the foreclosure process will start or continue from where it was stopped by the BK filing.
The reason that a lender would be granted “Relief from Stay” is due to the homeowner not doing what they are required to by BK court,or not HONORING their court approved plan to get themselves out of bankruptcy(what a surprise……..).
