Are you fighting foreclosure on your home?
On an increasingly common basis, hardworking people are finding it difficult to continue making mortgage payments, or to catch up on payments in arrears, through no fault of their own.
Have you received a Notice of Default?
You may be able to stop foreclosure proceedings by contacting us at the Law Office of Jeff D. Hoffman in Oakland. Jeff will aggressively pursue all options available to help you keep your home.
Contact us today to schedule a free, no obligation appointment.
In California, the Notice of Default is the formal beginning of foreclosure proceedings.
From this point on, there is limited time in which to act.
Immediate consultation with an experienced foreclosure attorney offers you the best chance of preventing foreclosure, regardless of your personal circumstances.
If you have a steady source of income, one option is to file for Chapter 13 bankruptcy.
- Through this process, your mortgage payments that are in arrears, or the back payments, will be incorporated into a debt reorganization plan that is paid over 3 or 5 years.
- You must also begin making your current mortgage payments.
A second option for preventing foreclosure is to short sell your home.
Under California law, debtors do not remain liable for junior or senior mortgages after a bank-approved short sale.
Although a short sale does not allow you continue ownership of your home, you will most likely be able to obtain a new loan to purchase a home within two years. If you have more than one mortgage, you must receive permission from each lender in order to proceed with a short sale.
Keeping your home is important. We will analyze your financial circumstances and will use the available options to meet your individual needs and goals for the future.
Contact us immediately once you have received a Notice of Default to discuss your options.
Designated by Congress as a debt relief agency, we help people file for bankruptcy relief under the Bankruptcy Code.