Let Southern California Bankruptcy Lawyers Aid You Stop Your Foreclosure Right now!

Let Southern California Bankruptcy Lawyers Aid You Stop Your Foreclosure Right now!

Filing for Chapter 7 Bankruptcy will temporarily stop the sale of your property. A retainer fee of $1600.00 in most situations will Quit the SALE of YOUR House!!! This will give you time to discover a solution. Don’t wait call right now!

If you are facing the possibility of losing your home we can help. Time is vital. Do not wait to get the aid you need. We know that the possibility of losing your property is scary.  But you ought to call to get assist. If you are behind on your payments there are many legal methods you can steer clear of a foreclosure of your home.

Fight  back! The right lawyers could be in a position help you save your property!

WHAT IS A FORECLOSURE

If a homeowner fails to make their monthly payment on their house then the lender (bank) will usually begin to foreclose on the house.

Foreclosure is when the lender (bank) sells your property to pay back the loan that you took out to pay for the property. The lender does not have to go to court to foreclose on your house in California. This allows the lender (bank) to get their income back quicker and you will be out on the streets quicker as well.

WHAT IS GOING TO Occur

California Foreclosure Approach: In California the primary strategy of foreclosure is non-judicial. A non-judicial foreclosure signifies that the courts are not involved. A lender  (bank) will normally commence the foreclosure procedure when you are behind on your residence payments. The lender (bank) will mail you a document that says, “Notice of Default and Election to Sell under Deed of Trust.” Subsequent the lender (bank) ought to wait ninety (90) days before it can publish a sale date. The document entitled, “Notice of Trustee’s Sale” sets forth the particulars. Subsequent the lender (bank) need to wait at least twenty (20) days soon after the initial publication of the sale. The whole non-judicial foreclosure approach takes roughly 4 months to complete.

WHAT ARE MY Options?

YES!!! You have possibilities!!!If you are facing foreclosure you have a quantity of possibilities.  You ought to act now. Do not wait.  Call Southern California Bankruptcy Lawyers right now at (626) 782-5502 for a cost-free consultation t determine which selection is correct for you.



HOW TO Stop FORECLOSURE

There are many solutions when dealing with a foreclosure.  However, you ought to get help now before it is too late. The more time we have to function with you the much more options you will have.

Reinstatement

The easiest way to stop a foreclosure is to pay back the cash that you owe to the lender (bank). Under California law you can spend back the delinquent amount any time up to five (5) business days prior to the foreclosure sale date. Sometimes the lender (bank) will take the payment throughout the last five (5) days. Even so, the payback amount will generally include all of the back payments, plus late charges, plus any interest due, plus any foreclosure charges and any other associated fees. You can speak to the trustee to come across out exactly what you owe.

Negotiate with the Lender (Bank)

Yet another way to stop a foreclosure is to negotiate with the lender (bank). You could be in a position to function out a repayment plan with the lender (bank). It is up to the lender (bank) no matter whether they will reduce any fees or payments. Hiring an knowledgeable lawyer may assist in the negotiation method.

Sale or Short Sale of the House

An additional alternative is to sell the house before the foreclosure.  If you are able to sell the house before the foreclosure then the foreclosure will certainly not take place. If you have equity built up then you could walk away with some money.

A brief sale is when are upside down (you owe a lot more cash than the house is worth) and you sell the home for much less then you owe. The lender (bank) has agreed to accept much less than the full quantity owed.  Lenders (banks) may agree to a brief sale for a assortment of reasons. If you decide that a brief sale is right for you then you could want to speak to an knowledgeable genuine estate agent who knows about short sales.  If you need an skilled true estate agent call use- we will put you in touch with someone who can aid you.

Chapter 7 Bankruptcy

Chapter 7 Bankruptcy is a answer, which will allow you to discharge specific bills and debts these contain credit cards, personal loans, auto loans, etc. A Chapter 7 Bankruptcy does not permit for reorganization. A reorganization will not permits you to catch up with your home payment BUT will typically stop and delay the foreclosure for many months- giving you time to come up with a remedy. Filing a Chapter 7 bankruptcy will automatically remain (quit) the foreclosure proceeding.

So if you are facing an instant foreclosure then filing a Chapter 7 will automatically cease the foreclosure. The delay could help you come up with an additional solution and save your property.

Even if you do not want to preserve the home the Chapter 7 Bankruptcy will give you time to move your personal home.

Chapter 13 Bankruptcy

You can also file a Chapter 13 Bankruptcy to keep away from a foreclosure. Chapter 13 Bankruptcy is different from a Chapter 7 Bankruptcy simply because in a Chapter 13 Bankruptcy you can spend back the owed quantity over a 3 or five year period.  The lender (bank) has to accept the repayment program. If you have the ability to spend then this may possibly be a Wonderful option for you.

Chapter 13 Bankruptcy (With 2ND or 3rd Mortgage Discharged without Payment):

Sometimes in a Chapter 13 bankruptcy the 2nd or 3rd mortgage perhaps discharged.  You should be able to prove that you owe much more than the residence is worth on the 1st loan amount.

Deed in Lieu of Foreclosure

Another answer to stay away from a foreclosure sale you can just transfer the house back to the lender (bank) by executing a “deed in lieu of foreclosure.”  This will negatively impact your credit but is named a “friendly foreclosure.”

Walk Away

Lastly, you can allow the home to go into foreclosure.  During this time you will be in a position to live rent-free until the time of the foreclosure -which may take a number of months or longer. If the property is foreclosed then you might face eviction and if you stay during this time you may have to pay rent.

WHAT YOU Need to have TO KNOW

The lender (bank) can sell your home quite quickly. Foreclosure is extremely critical.

DO NOT WAIT! Take action today!

If you have received a Notice of Default on your home CALL Southern California Bankruptcy Lawyers These days!  The worst factor you can do in nothing!

The longer you wait the less alternatives you will have!

Southern California & Pasadena Bankruptcy & Foreclosure Help
Call Today for a Free of charge Consultation (626) 782-5502

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