Avoid or Stop Foreclosure in Los Angeles Today!
Are you behind on your mortgage payments and are trying to avoid or stop foreclosure in Los Angeles? If so, we can help.
The foreclosure process can be complex, confusing and very stressful. Sometimes you may even want to just bury your head in the sand and hope the problem will go away. But ignoring the problem usually only makes it worse. Just stay calm and know that there is help.
We are a solutions based company specializing in Pre & Post Foreclosure Resolution. The best advice we can give if you're facing foreclosure is to educate yourself on all the options that are available to stop foreclosure in Los Angeles. Only by first becoming aware of all your options, can you then decide which is the best course of action to take to resolve your problem situation.
That's where we can help. We start by doing a FREE Evaluation and Assessment of your situation which will show what solution or solutions are available that best fits your particular situation. Only when you first see the full landscape of your situation, can you then make the best decision as to what course of action to take.
Unfortunately, we see too often homeowners focusing all their efforts on one solution and have no backup plan when it fails. Sadly, they run out of time and lose their home to foreclosure. They don’t realize that there are solutions to resolve their situation that most accountants, bankers, friends, attorneys, and real estate agents may not be aware of.
Become Familiar With Key Deadlines To Avoid or Stop Foreclosure in Los Angeles
It's important to know the foreclosure timeline and it is especially important to keep an eye on a few Key Deadlines. Below is a very simple overview of the timeline.
Foreclosure can start as soon as one day after the first payment is late but typically it doesn’t start until several payments have been missed. This depends on the lender, some being more strict than others. Before starting the foreclosure process, the lender usually sends out many notices to the homeowner that payments are overdue.
This is often referred to as Pre-Foreclosure which is the preliminary stage of the foreclosure process, before legal filings are made by the lender. This is the optimal time to stop foreclosure in Los Angeles because at this point your credit rating will not seriously be affected.
First Stage of Foreclosure
Foreclosure officially begins when a Notice of Default is filed. It is then recorded and mailed to the last known address or personally served to the borrower, if required. That date is when the legal process of foreclosure starts. You have 90 days exactly from that date in the First Stage of Foreclosure.
Second Stage of Foreclosure
After those 90 days expires, and only after those 90 days expires, can they move to the Second Stage of Foreclosure which is when they set an auction date for your property. If you're still in default after the 90 days, then they are going to issue a Notice of Trustee Sale, just like they did with the Notice of default. They're going to record it against your property and post it on your door and you're going to then see on that notice the specific day, time and location of the sale of your property. And in our experience, the rule of thumb is about 30 days after those 90 days expires.
So now when you're going through the foreclosure process and you're working on something to resolve it, that's the time frame you need to keep an eye on.
And during this process, the most important thing you can do is to educate yourself as to any other way you can resolve this, that may be out there, that's not directly connected to what you may already be working on. There may be many other things or there may be one other thing that you qualify for, that may be a solution to resolving your situation. And that’s where we would come into play.
We can do a Free Evaluation. We can look at your options and see everything that's possible. We can then give you our perspective. It doesn't mean that you're going to have to make a decision on it, but right now, you should be in information gathering mode. You should be maximizing every single day and knowing exactly what the landscape of your situation is so that if you don't qualify for whatever you may be working on, then you will know that you've already done your homework and you know the other options that are out there. You've maximized your time and now you can go in a different direction without wasting any time.
Don't Put All Your Eggs in One Basket - Know all Your Options to Stop Foreclosure in Los Angeles!
The people that get into the most amount of trouble are those that just put all their eggs in one basket. They hope, for example, that the lender comes back to them and says they will modify their loan. Then the lender comes back to them on the 90th day and says "guess what Mr. Homeowner, you don't qualify for anything, thank you and have a nice day. Now you're stuck with the bag trying to figure what you're going to do next. That's not the way of handling it, especially if you have equity in your house that you are trying to protect.
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Whatever Your Situation is, There Are Solutions to Stop Foreclosure in Los Angeles
It’s a fact of life that problems spring up, many times unexpectedly. If these issues are not resolved, they can lead to mortgage default and eventually down the path of foreclosure. The most common situations that we see are:
- Loss of job or relocation
- Going through a divorce
- Inherited a property
- House needs costly repairs
- Loss or reduction of income
- Retirement or downsizing
- Undesirable mortgage terms
- Non-paying/problem tenants
- Listing expired, house not sold
There is a Solution For Every Problem Situation!
We approach every homeowner in distress with the belief that there is a solution for every problem. We offer a Free Evaluation of your situation to show what solution or solutions are available to you. It doesn’t matter how far behind you are in payments, if you owe more than what the house is worth, or how much repairs are needed.
Here are only a few of the solutions available to stop foreclosure in Los Angeles:
- Payment Relief
- Stop Foreclosure in Los Angeles
- Buy Your House With Cash
- Catch Up On Back Payments
- Relocation and Moving Assistance
- Negotiate a Short Sale
- Lease Option Buy Back
- Equity Partnership Program
These are just a few of the many options that are available. The bottom line is that you don’t have to sit back powerless while your house and your happiness slips away from you. We can help you take back control of your situation and your life!
In most cases, we can stop foreclosure from happening because, as you know, a foreclosure on your record can ruin your credit for up to 7 years, making it difficult to get another house, car, credit card, or any type of credit whatsoever.
Every individual situation is unique and personal, and finding the best solution depends on your particular problem situation.
Please contact us at (818) 392-4845 for a FREE Evaluation and Assessment as well as to discuss which options are best for you. If you need more information on the foreclosure process and How To Stop Foreclosure in Los Angeles? Download our FREE Stop Foreclosure Guide here.