Foreclosure Defense in Rancho Cucamonga
Stopping Foreclosure Through Bankruptcy
Foreclosure can begin rather quickly after a homeowner falls delinquent
on payments toward their mortgage. The bank or lender that owns the loan
can initiate the repossession process and begin foreclosing on the home
or property. In a foreclosure, the lender will sell the home in an auction
and the purchase price will be used to repay the debt on the loan. This
process can begin within three or four months of consecutive missed payments
and the lender will notify you that the foreclosure process is going to
begin if you do not pay. If you have been given a foreclosure notice,
you need to immediately speak with a lawyer at Atlantis Law.
At Atlantis Law, the team can help you put a stop to the foreclosure process
by assisting you in filing for bankruptcy. One of the most common forms
of foreclosure defense is a
Chapter 7 bankruptcy. In filing for Chapter 7, you will have an automatic stay placed
onto your account and all creditor collection attempts will be forced
to cease. This stay will also put a stop of the foreclosure sale, even
if your home is already in the midst of the foreclosure process. While
a lender can technically receive a motion to lift the stay, this can sometimes
take a few weeks, giving you enough time to find an alternative to pay
your debts. In the state of California, a lender needs to give at least
a three-month notice to the owner that they have defaulted on their loan
before the process can begin. Waiting too long to file for bankruptcy
can possibly hinder your defense against foreclosure, so it is important
that you act immediately after you receive your first bank notice.
Protect your home!
Your hard-earned investments are on the line, so it is vitally important
that you retain the services of a trusted bankruptcy lawyer. At Atlantis
Law, the team is committed to ensuring that clients receive a favorable
outcome for their cases and they will immediately begin to work with you
to protect your home. They believe in doing the job correctly the first
time so that the bankruptcy petition will be accepted. All precautionary
measures will be put into place and your needs will be identified and
prioritized to help you reach your goal. If you are facing foreclosure,
do not hesitate to give Atlantis Law a call and speak with a trusted Rancho
Cucamonga bankruptcy lawyer now.
Contact the firm and schedule a
free case evaluation today!