Most people don’t purchase a home in the belief that one day they will just stop making payments. But, in today’s harsh economic climate this is a truth that more and more families are facing. When layoffs come without warning, it can leave so many of us unprepared for the financial woes that follow. And, many families struggle with finding gainful employment after a lay off, which leads to prolonged financial distress.When you’re just trying to make sure that your kids have enough food to eat at the end of the day, something has to give. While you may start by giving up life’s little extras, like movies or eating out, that doesn’t mean that you won’t end up in foreclosure. If you are facing foreclosure and you receive a notice of default in the state of California, don’t despair. Our attorneys have successfully guided homeowner how to stop foreclosure sale and prevent the bank from taking your house. If you are looking for ways to keep your family’s home, first consider making a deal with the bank to modify your loan; if you haven’t missed any payments you can refinance or apply for HARP to lower the payments so that you will be able to afford them again. Another option to consider is filing a lawsuit against the bank for illegal foreclosure. If you receive a foreclosure notice after you have made good faith efforts to work with the bank to make reasonable payments or get your payments back on track, you may have a good case to bring against the bank in court.Another way is filing chapter 13 to stop foreclosure and keep your home. Bankruptcy offers absolute legal protection from losing your most important assets such as your house and car. But, in order to keep your home during a bankruptcy you will probably need professional help.If worst comes to worst, you may also want to consider giving your deed to the bank in lieu of foreclosure. Your house won’t be yours anymore, but at least you won’t have to struggle through the difficulties of foreclosure and still end up owing the bank at the end of it all.

The best way to ensure that you get to keep your home is by enlisting the assistance of an experienced attorney who focuses on foreclosures. Make sure that you do your due diligence; you want a foreclosure attorney with a proven track record of success in helping people keep their home, even after receiving a notice of trustee sale or notice of default in California.

While it may be a difficult topic to think about and discuss, take the time to develop a foreclosure avoidance plan that works for you and your family. If you take the time to do your research, with the help of a good lawyer you may be able to keep your house from foreclosure.