Long Beach Foreclosure Attorney

If you have fallen behind on your monthly mortgage payments and are unable to catch up, your lending company may seek a foreclosure action on your home. In the event that you are unable to reach an agreement with your lender, a bankruptcy action may be the best way preventing the foreclosure of your home. The Goldbach Law Group has developed the following tips to help you save your home, whether on a temporary or permanent basis:

 

  • Consider your options. Whether you file for Chapter 7 or Chapter 13 bankruptcy, the court will issue an automatic stay on your debt, which demands that all creditors, including your mortgage lender, cease their collection activities. However, it is important to consider that not every form of bankruptcy allows you to remain in your home. When filing a Chapter 7 bankruptcy, a person may not be able to save their home since it fully discharges all mortgage debts and home equity loans. This is why it is important for a debtor to weigh all of his or her options.
  • Hire a bankruptcy attorney. A bankruptcy attorney is in the best position to advise you of your legal options and help you determine whether a bankruptcy action is right for you.
  • File for Chapter 13 bankruptcy. Chapter 13 bankruptcy is the most viable way to stop a foreclosure proceeding. It temporarily puts a hold on all foreclosure actions and it gives homeowners the option of permanently remaining in their homes.
  • Consider your alternatives. There are some cases in which bankruptcy is not the most effective way to address your debt. For example, there are several types of foreclosure prevention programs available to address an impending foreclosure, such as loan modification. This allows your lender to re-work the terms of your mortgage agreement by moving missed mortgage payments to the end of the payment term, in order to make the account current and avoid foreclosure.

 

At the Goldbach Law Group, we will fight tirelessly to save your home from foreclosure. In order to successfully stop the sale of your home, we recommend consulting with us well in advance of the bank’s scheduled sale of your home and no later than one week prior to the sale date.

 

We offer same-day appointments, as well as evenings and weekends for urgent cases. Emergency consultations and filing appointments may be scheduled up to and including the day before the sale. For more information about your foreclosure and other financial options, contact us today at (562) 216-8296 for a free confidential consultation. For over 24 years, we have been successfully representing clients located throughout Los Angeles County, including the Whittier, Long Beach, Norwalk, Downey and El Monte areas.