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Home Foreclosures on the Rise

Home Foreclosures on the Rise

A recent report showed that the number of home foreclosures in Southern California hit at their highest level in two years. All across the Southland, including Riverside and San Bernardino Counties, the number of foreclosures tripled from December 2012 to December 2014. In January 2015, over 1200 homes were foreclosed on in Los Angeles county.

Mortgage lenders have had time to adjust to the California Homeowners Bill of Rights, and are now pushing more foreclosures through their system. If you are a homeowner confronted with the prospect of foreclosure, there still may be time to save your home.

There are various measure that you can take to ensure that your home is not foreclosed. You may try a home loan modification to bring your loan current and lower your monthly payment. You may also file for chapter 13 bankruptcy, which allows you to stay in your home, while curing the arrears on your home.

For more options and advice, please contact an experienced attorney at Atlantis Law. We offer free consultations so that we can meet and discuss your different options. Don't lose your home in this wave of foreclosures--call us today to see what you can do.


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