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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We offer many financial services, let's determine together

WHAT IS RIGHT FOR YOU

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

  • Wills
  • Living Trusts
  • Financial Powers of Attorney
  • Living Wills/Advanced Health Care Directive
  • Transfer Deeds and General Assignments

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.