You worked hard to provide a home for yourself and for your family and the possibility that you might lose it because of financial distress is a sobering and heartbreaking reality. As mortgage payments stack higher and higher without a solution in sight, the possible loss of your home may be looming on the horizon. It is not uncommon for homeowners to feel completely hopeless about their situation when it appears that the deck is stacked against them and there appear to be no viable debt relief solutions. Such situations can affect all members of your family and can upset the balance of your day to day living and experience of overall well being.

The skilled attorneys at the Los Angeles Law Offices of I Los Angeles Bankruptcy Attorneys have an exceptional track record of keeping clients in their homes. Over the years, we have developed a reputation among our colleagues and clients as the “Home savers of Southern California” and we are prepared to support you through the process of protecting your home from foreclosure.

There is a solution, and our attorneys will advise you as to the best course of action to take, whether it be filing for Chapter 13 bankruptcy or creating a payment strategy that will allow you to stay in your home and avoid foreclosure. The debt relief you need is right around the corner. Contact our bilingual staff today to schedule a free consultation and be on your way to financial freedom.

Understanding Foreclosure

Foreclosure is described as a legal process by which a lender by way of court order may attempt to recover debts owed from a borrower who has ceased making payments on a property or home. In this situation, the lender takes possession of the property to sell as collateral for the unpaid loan. When the borrower defaults on the loan, the lender may seek to repossess the property, although the courts may grant the borrower an equitable right of redemption if the debt is sufficiently repaid. If the borrower is unable to repay the loan, the lender may move to foreclose (terminate) the owner’s legal title on the property. Other liens may also be placed on a property for such reasons as overdue taxes, unpaid bills or unpaid Home Owner’s Association (HOA) dues.

A thorough understanding of your financial situation and the inner workings of foreclosure is essential and our attorneys will educate you on the options you have to work with. You may qualify for either Chapter 7 or Chapter 13 bankruptcy, a loan modification or the removal of liens on your property.

Contact a Foreclosure Attorney Today

We are proud of the rock-solid reputation we have earned among our former clients and colleagues and look forward to providing you with high quality legal assistance as you deal with the possibility of Chapter 11 or 13 bankruptcy or foreclosure on your home. Please contact our offices located in Sherman Oaks and Los Angeles today to speak with one of our bilingual staff members and to start the process of financial recovery. As a Southern California debt relief agency, we are standing by to assist you. Call us at (213) 699-3055 today for a free consultation.