Loan Modification Laws in California
Help from an Orange County Loan Mod Attorney
California is one of the leading states in the nation with a large foreclosure
problem. In order to prevent more homeowners from foreclosing, the United
States government has issued several plans to help individuals to avoid
the problem. One of the plans is called the Hope For Homeowners Plan,
which unfortunately has helped very few people. Another plan that was
recently issued is being called the Obama Plan, with very specific criteria
for qualifying. Again, very few lenders are actually providing this plan
to their borrowers, with few modifications actually going through. In
this environment, you need a highly experienced California Loan Modification
attorney to assist you in preventing the loss of your home through foreclosure.
When you fall behind on your mortgage you will receive monthly late notices
with penalties included. Following your third late payment, you may receive
a Notice of Default by the fourth month. The next step will be a Notice
of Foreclosure, followed within approximately thirty days by a Notice
of Sale. However, with the increased number of foreclosures occurring
in California, many banks are not following up on the sale of your home
for several months.
California Lawyer for Loan Modifications
In order to ensure the possibility of preventing your foreclosure, you
need to act now by contacting our office.
Our attorneys are trained in aggressive negotiation techniques and have extensive experience
negotiating mortgage loan modifications with California lenders. We will
provide you with all possible options for your personal situation, in
order to either save your home or provide you with relief from the overwhelming
debt, should you not qualify or wish to keep your home. Some other options
you have include Short Pay Refinance, Short Sale, deed-in-lieu, Special
Chapter 7 or
Chapter 13 Bankruptcy. When we meet with you for your
free consultation we will present you with the options our mortgage loan modification staff
believes will best suit your individual financial hardship to help you
in foreclosure prevention.