Homeowners to file BK to stop the foreclosure

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When a homeowner that’s in foreclosure files bankruptcy, itimmediately stops the foreclosure process and it stops theforeclosure auction from happening even if the BK is filedthe day before the foreclosure auction. It’s very commonforhomeowners to file BK to stop the foreclosure auction sothey can stay in their house longer.

This only delays theinevitable. Sooner or later, they will be kicked out of the bankruptcyprocess and they will be back into the foreclosure process.There is a loophole in the system that we take advantageof.It takes 30 days for the property to be put back into theforeclosure process. That means they don’t go back onto the foreclosure list for30 days and they are very MOTIVATED to sell because thesehomeowners know they will be put back into foreclosure andthey will be kicked out of their house by the Sherriff. These 30 days are your window of opportunit*y to get allthese deals to fill your pipeline before anyone.

I’m going to show you that loophole and how to find thesedeals the day after they get kicked out of bankruptcy soyoucan get the deal before it shows up on any foreclosure listand before your competition knows about it. Register Here: http://www.dcfawcett.com/goThere is a huge opportunit*y right now with these dealsbecause number of bankruptcy filings in third quarter of2009 soars to highest level since 2005.


Businessbankruptcies filed this year top 2008 total.The total number of bankruptcies filed in the third quartersurged 33% in 2009 and is at the highest level since 2005,according to data released Wednesday.The American Bankruptcy Institute, an industry researchfirm, said 388,485 bankruptcies were filed during the lastquarter, compared to 292,291 filed during the same periodin2008, according to data released by the AdministrativeOffice of the U.S. Courts.Filings for the first nine months of the year climbed 35%to1,100,035, compared to 841,496 filings during the sameperiod in 2008. A total of 1,117,771 bankruptcies werefiledlast year."

The spike in bankruptcy filings for both consumers andbusinesses reflect the continuing effects of today's weakeconomy," said ABI executive director Samuel Gerdano in astatement. "With unemployment surpassing 10% and credit tobusinesses remaining tight, consumers and businesses areincreasingly turning to the financial relief ofbankruptcy."Bankruptcies are at the highest level since 2005, when2,078,415 were filed before Congress passed amendments tothe Bankruptcy Code, said ABI.In October 2005, Congress implemented legislation making itmore difficult for filers to prove they should be allowedtoclear their debts in a Chapter 7 bankruptcy, forcing moretofile under Chapter 13.

The law triggered more Americans torush to file for bankruptcy in the months before the lawwent into affect.The ABI report said business bankruptcy filings rose 32% inthe third quarter of 2009 to 15,177, and filings for thefirst nine months of the year totaled 45,510, topping thetotal 43,546 business bankruptcies filed in 2008.Personal bankruptcies increased 33% to 373,308 during thelast quarter, led by a 42% hike in Chapter 7 filings, whichtotaled 265,721. The number of consumers filing Chapter 13bankruptcies rose 15% to 107,142 filings in the thirdquarter, according to ABI.During a twelve-month period ending Sept. 30 2009, thereport said total filings increased more than 34% to1,402,816, compared to 1,042,993 in the same period of2008.Your competition doesn’t know about this yet. You need to gohere and register: