"Can I Save My House?"
If you're in arrears on your mortgage or received calls and notices from your mortgage lender, you're not alone. You're in serious threat of losing your home unless you act.
The best way to avoid foreclosure is to prevent the filing of a Notice of Default. Lenders do not want to foreclose, but will file a Notice of Default to protect their interests, if necessary. If you know you are unlikely to meet your mortgage obligation, contact my office at 626-376-9874 to receive guidance to save your house.
Remember, the lender doesn't want the property, it wants you to pay regularly on the loan.
Do not forget, you have rights. Banks must follow the law when initiating a foreclosure. This is why it is very important to hire a knowledgeable attorney.
Alternatives to Foreclosure
Collection agencies can be derailed if you take steps early in the process to settle, negotiate or make arrangements that are satisfying to your lender . Sometimes debt settlements can be accomplished without filing Chapter 7 or Chapter 13, and I have the expertise to help you.
Depending on the creditor, the settlement can sometimes mean avoiding any serious legal action. We are not a debt settlement business, but I can help you determine the best possible foreclosure alternatives that may include the following:
Forbearance plan — Is an agreement to temporarily let you pay less than the full amount of your mortgage payment, or pay nothing at all, during the forbearance period. In specific cases, forbearance plans work when you think you will have a future source of income — from a bonus, tax refund, or other sources. I will work through your lender to apply a forbearance plan to help you while you get on your feet.
Loan modification — Is a way to change the payment terms to your benefit. In the eyes of a lender, making an attempt to work out the debt of a bank loan is an action in the positive direction. ( Federal HUD-counselor assisted loan modification.)
In unique cases, I have had an opportunity to raise defenses such as fraud, usury, tender of payments due, invalidity of the mortgage, and the Truth-In-Lending Act violations. I will distinguish if any of these mortgage lending issues exist and prepare your case for a lawsuit.
Act Now — Call a Bankruptcy Lawyer Who Can Help
A bank can take advantage of you and improperly foreclose on your property if you fail to respond to notices. Time is of the essence. By teaming up with me, you can fight a foreclosure and very possibly save your home. For a free consultation, e-mail me or call 626-376-9874 for an appointment. I serve communities in Los Angeles and Pasadena areas.
