Facing foreclosure is not a hopeless situation. Banks, the media, and even the government have taken the role of “shaming” homeowners into believing the foreclosure crisis is their fault, and borrowers should face it alone. This is simply not true. Help is always available, no matter what stage of foreclosure you find yourself in.
The knowledgeable and helpful attorneys at McFarlin LLP concentrate exclusively on helping struggling homeowners. Facing foreclosure is NOT hopeless, and no one should struggle alone. Working with the right experienced professional is critical in your effort to avoid foreclosure or get the best possible results.
Our Orange County foreclosure attorneys will analyze your financial situation and determine the best solution to defend you from foreclosure. Contact us to learn more about your rights and foreclosure defense options. With an aggressive legal representative on your side, you may be able to permanently avoid foreclosure and keep your home with an affordable payment. Call us today at (888) 728-0044 or contact us online to schedule a no-cost evaluation.
What is the Process of Foreclosure?
Foreclosures are often a lengthy process. When a borrower fails to make timely payments on the mortgage for a property, the lender will first warn the borrower that he or she is at risk of losing the rights to the property and being evicted. After receiving this “Notice of Default” from the lender, the borrower will then have a grace period with which to make an arrangement with the lender to either pay the outstanding amount of money owed or to sell the property for less than it is worth in what is known as a short sale.
If there is still no solution, the property will go up for auction to the highest bidder. At this point, the borrower still has the right of redemption or option of paying off the outstanding amount in order to stop foreclosure. In the event that the property is still not sold, the lender will take ownership and sell it through a real estate agent or at a liquidation auction.
Options for Avoiding Foreclosure
The threat of losing your home to a mortgage foreclosure can seem like an impossible challenge. Many homeowners have made a significant financial investment in their property and, more often than not, unforeseen circumstances have made it difficult to afford steady mortgage payments each month. Sudden unemployment, illness or injury, or even a loss in the family can result in severe financial hardships.
There are many options for homeowners who can’t meet the burdensome demands of lenders. McFarlin LLP Irvine foreclosure defense lawyers will analyze your financial situation to determine what options are realistically feasible for you, some of these options include:
- Deed-in-lieu of foreclosure
- Forbearance programs
- “HAMP” programs
- “Hope Now” programs
- Loan modification
- “Making Home Affordable” programs
- Pre-foreclosure equity sale
- Short sale
Choosing the right path will help you protect your finances, investments, and the wellbeing of your loved ones as much as possible. But only the insight of a skilled lawyer can help you make the right decision.
A Strong Defense Against Foreclosure
The foreclosure system is designed to “roll over” homeowners who take no action and have no legal representation. When you hire legal counsel, you are immediately taken out of that group of homeowners who do nothing. There is no question that your lender does not want you to have representation. In fact, banks and lenders have spent hundreds of millions of dollars in media dollars to persuade you against hiring an attorney to protect you in foreclosure.
Don’t buy into this campaign of lies! Your matter will certainly be taken more seriously by your lender when you have an attorney. If you are serious about getting the best possible outcome, our foreclosure attorneys are available now to help you. For a free, informative consultation with one of our Irvine foreclosure defense attorneys, call today and learn about your options. Contact us online or by calling our offices at (888) 728 0044.