Here at Flippin A Renovations, we are very familiar with stopping foreclosures. In many cases we have helped homeowners temporarily halt the foreclosure and give the seller time to sell their home. One method used to do so is called a temporary restraining order (TRO).
A TRO is a court order that prohibits a person or entity from taking certain actions, typically until a hearing can be held to determine whether a permanent restraining order should be issued. In the case of a foreclosure, a TRO may be used to prevent the foreclosure sale from taking place temporarily.
To obtain a TRO in the context of a foreclosure, you would typically need to file a lawsuit or motion for a TRO with the court that has jurisdiction over the foreclosure proceedings. You would need to provide evidence to the court showing that you are likely to succeed on the merits of your case and that you will suffer irreparable harm if the foreclosure sale goes forward.
If the court grants the TRO, it would typically be in effect for a limited period of time, such as 10 to 14 days. During that time, the foreclosure sale would be postponed, and the parties would have an opportunity to appear at a hearing to present evidence and arguments for why the TRO should be extended or lifted.
It is important to note that a TRO is not a permanent solution to the foreclosure issue, and it is not a guarantee that the foreclosure sale will be permanently prevented. However, it can provide temporary relief while you work to resolve the underlying issues that led to the foreclosure.
If you’re facing foreclosure and are running out of time, a TRO can be a good solution to buy you some time. It is highly recommended that you seek the advice of a licensed attorney who can evaluate your situation and provide guidance on the best course of action, however if you don’t know where to start, give us a call today and we can help guide you through the TRO process. At the same time, we can provide you with an all cash offer in the event the underlying issues that led to the foreclosure cannot be resolved, we’ll be your Plan B!
Call us today at 903-231-3927
-Flippin A Renovations Team