Serving Los Angeles and Orange County
Owning a home has always been a part of the American Dream. Unfortunately for many homeowners, an unexpected financial crisis can put the Dream in jeopardy. No one can accurately predict a sudden economic downturn or a drop in housing prices, and some borrowers may find themselves facing the threat of foreclosure. The experienced and concerned Orange County foreclosure attorneys at McFarlin LLP don’t think you should face this threat alone. Call us at (888) 728-0044 to help keep your American Dream alive.
If you face foreclosure, your situation is not hopeless. Our Orange County legal team has helped many homeowners stay in their homes with affordable payments. Call us for a free evaluation.
Foreclosure can take a long time, and it helps to have a skilled attorney to guide you through the process. If you are unable to make a house payment, your lender will issue a “Notice of Default.” The homeowner will then have a grace period in which to pay the lender the amount owed or sell the property for less than it’s worth. This is called a “short sale.”
If you and your lender can’t work out an agreement, the house will be sold to the highest bidder at auction. If the property still doesn’t sell, you will be evicted and your lender will assume ownership. This is what we can help you avoid.
When you’ve owned a home for any significant period of time, you’ve invested a lot of hard work and money into it. Don’t let a job loss, illness, or other unforeseen financial crisis put your investment at risk.
What Are My Foreclosure Options?
Take heart, you do have options. Let the attorneys at McFarlin LLP examine your situation and figure out the best plan for a successful foreclosure defense. Some options include:
- Short sale
- Homeowner relief programs like H.A.M.P., Hope Now, and Making Home Affordable.
- Deed-in-lieu of foreclosure
- Loan modification
- Pre-foreclosure equity sale
- Forbearance programs
The knowledgeable McFarlin LLP team can explain these options in more detail and help you decide what your best course of action is.
What is the First Step in the Foreclosure Process?
Contact an attorney experienced with foreclosure law who has helped many others in your predicament. Being represented by a skilled and aggressive lawyer is a must when facing foreclosure. Banks and other lending institutions have a lot to gain by taking over your property and reselling it. Your lender will likely tell you that being represented is not necessary. This is because it’s in their best interest that there is no one to fight for you. Don’t let your lack of experience in foreclosure matters allow them to take away something you’ve worked so hard for.
The Irvine foreclosure defense attorneys at the law offices of McFarlin LLP have years of experience fighting for homeowners rights. Contact us at (888) 728-0044 for a free consultation.