A Hagstad Petition usually needs to be completed prior to a successor trustee being able to secure a new loan on the family property. In limited cases, an attorney can petition the court for an emergency court order to obtain a temporary restraining order (TRO), which may stop the mortgage company from foreclosing and allow enough time to obtain the Hagstad Petition, putting the property back into the trust. Once the property is put into the trust, the successor trustee can obtain a loan from HCS Equity.