Foreclosure attorney at Consumer Action Law Group helps homeowners stop foreclosure by filing lawsuits and bankruptcy. Declaring bankruptcy is the most cost effective way to fight the foreclosure process.
June 18th, 2015 – Los Angeles, CA — In California, the mortgage company has the right to start the foreclosure process when home owners cannot keep up with their mortgage payments. It is possible to stop foreclosure sales by hiring a foreclosure attorney in your state. An experienced foreclosure attorney is better equipped to help a homeowner than the lender when it comes to guiding the homeowner on how to stop foreclosure from proceeding.
Most of the time, homeowners receive a notice of default after they miss 3 mortgage payments. This notice marks the starting point of the legal foreclosure process. From that point in time, homeowners are 90 days away from receiving the notice of sale, which determines the actual sale date when the auction will occur. Once homeowners receive the notice of trustee sale, they only have 30 days to get back on track and reinstate the mortgage. At that point, they will need to find immediate legal help or find a way to catch up with their past-due payments.
Homeowners that need time to catch up with past-due payments can file Chapter 13 bankruptcy to stop the foreclosure process and request a payment plan. Homeowners facing foreclosure in California can file a lawsuit to stop the foreclosure if the lender is violating the rights of the homeowner. In some cases, it is possible to negotiate with the lender for a deed in lieu of foreclosure or proceed with a short sale to stop foreclosure; in either case, the homeowner must agree to vacate the home.
Lawsuits and bankruptcy are the best solutions to stop foreclosure and save the home. Declaring bankruptcy is the most cost effective way to fight the foreclosure process because of the flat fees.
For homeowners that intend to handle foreclosure on their own; they can directly apply for a loan modification with the lender. If a loan modification is denied due to low income, homeowners can apply for a deed in lieu and sign a notarized deed to hand over their home to the lender. A deed in lieu can stop the foreclosure process, but it may leave the homeowner with a balance due. Short sale is the last resort that homeowner should consider; short – selling the home may delay the foreclosure process, but a trustee sale may still occur and result in a balance that the homeowner owes.
Out of all methods to fight foreclosure, filing a lawsuit or bankruptcy are the strongest legal options to stop foreclosure immediately. Legal methods will save the home and stop the foreclosure. Most importantly, homeowners need to hire an experienced professional with a strong track record of successful cases. Consumer Action Law Group is your best bet in California for a foreclosure attorney who really knows how to stop foreclosure. To discuss your case with a top foreclosure attorney, homeowners can call (818) 254-8413 or visit http://Consumeractionlawgroup.com.
The call and the first meeting are free, and the advice could save the home from foreclosure!
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