LOS ANGELES FORECLOSURE ATTORNEY
What is Home Foreclosure?
Foreclosure is the method in which a lender sells a borrower’s real property A home, rental property, commercial property, or undeveloped land in order to recoup the unpaid debt that is secured by the home. Common creditors involved in the foreclosure process are first and second mortgages or deeds of trust used to buy the home or taken out during a refinance as well as home equity lines of credit taken out after the initial purchase of the home. A timeline for the foreclosure process varies from state to state and a Wajda Law Group home foreclosure attorney can help you go over this timeline during your consultation with our Foreclosure Attorneys.
A foreclosure can be instantly stopped by the filing of either a Chapter 7 or Chapter 13 bankruptcy. A Chapter 7 bankruptcy will provide the borrower additional time to complete a loan modification, short sale, or deed in lieu of foreclosure on the property but at the same time will clear you of any liability you may have from the non-payment of the debts attached to the property. A Chapter 13 bankruptcy will not only stop the foreclosure process, it can provide a repayment plan of the amount a borrower has fallen behind or even completely remove a lien no longer secured by the value of the property in order to help you keep your property.
If you are behind on your house payments or if the lender has already started the foreclosure process, schedule your appointment for a free consultation with a Los Angeles Foreclosure Attorney.
DO YOU THINK HOME FORECLOSURE MIGHT BE RIGHT FOR YOU?
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Nicholas M. Wajda came highly recommend by Legal Zoom. After talking to him regarding my situation, I knew I could trust him. He listened and had a caring tone in his voice. My situation is now settled and I couldn't have done it without Nicholas Wajda help. I Highly recommend him. Ps. You can always get him on the phone. Great service.
It took a while to decide to file for bankruptcy. First I had a bad experience with an attorney who was incompetent. Once I found Mr. Wajda I knew I was in good hands. He was very polite and professional from the first time I called him. By the way he answers all his calls himself and returns calls promptly. He made everything go smoothly and in no time I got a discharge of my debts. I recommend him highly. Thank you Nick.
The best!!!! Very smooth transition the best of it was I was able to make monthly payments till I had it paid to start my BK-Chap 7 and then sent reminders to me for a payment what ever I was able to afford that month that helped me out so much that I was able to do the BK now When I would send a email with a question I got a fast response I just got my discharge and I'm very thankful to Michael for his understanding and for letting this entire ordeal be so smooth I highly recommend this firm
ARE YOU READY TO TAKE CONTROL OF YOUR DEBT AND MOVE TOWARD FINANCIAL INDEPENDENCE?
CHAPTER 7 AND 13
Turning to the more common chapters of bankruptcy, Chapters 7 is by far the most common bankruptcy chapter. A Chapters 7, or “fresh start,” bankruptcy is appropriate for individuals in need of help because they cannot afford to pay back their debt.
Chapter 13 bankruptcy is the second most common chapter for individuals. Chapter 13 permits a debtor to repay his or her debts over a period of three to five years. Chapter 13 bankruptcy can also be used to save a vehicle or a home if a debtor has fallen behind on payments. In certain situations, a Chapter 13 bankruptcy can even eliminate the junior mortgages on a property.
Contact us and we will work with you to determine what is right for you.
ESTATE PLANNING ENSURES THAT YOU AND YOUR FAMILY ARE PROTECTED.
LET'S GET STARTED PREPARING FOR YOUR FUTURE
An essential step in protecting you and your family’s future is to create an all-encompassing estate plan. Here at Wajda Law Group, we have the knowledge and experience to create such protection for you. Although discussing an estate plan is something most people do not want to think about, proper protections are necessary in nearly all situations, and planning early can save you and your loved ones valuable time and money in the future.
IT MIGHT BE TIME FOR YOU TO GET HELP.
WHEN SHOULD YOU HIRE A FORECLOSURE ATTORNEY?
When it comes to foreclosure, hiring an attorney early in the process helps ensure that you have more options available to you than what might be available later in the foreclosure process. For example, the lawyer can help you work out a deal with the lender that will allow you to stay in the home, or, if necessary, fight the foreclosure in court. If you wait too long, however, it might be too late to stop the process.