You should call a Foreclosure Lawyer immediately if you are facing imminent foreclosure. If you cannot afford one, I offer payment plans. You may be paralyzed by how quickly the monthly mortgage statements keep piling up. Then finally, you received the dreaded Notice of Default that tallied up how many payments plus penalties and fees that have accrued and then gives you only 90 days to catch up! 90 days later, if you are unsuccessful in negotiating the loan with your lender or obtain a loan modification, you will next receive a Notice of Trustee Sale Date, which is at least 20 days away from the date on the Notice of Trustee Sale. You must act fast if you want to keep your home. You cannot keep your home if you do not act. Timing is very important when you want to stop a foreclosure because once your home is foreclosed, you cannot get it back!
It is time to speak to a foreclosure bankruptcy attorney, Muoi Chea, if you are unable to negotiate the loan, sell your home, or refinance your loan.
If all else fails, you need to speak to a foreclosure attorney who has extensive experience filing Chapter 13 Bankruptcy to save homes from foreclosure. Attorney Muoi Chea has a very long successful track record of saving homes from foreclosure throughout the years. You may be able to save your home, if you can afford your current monthly mortgage plus your monthly Chapter 13 Bankruptcy reorganization plan payment. Your monthly Chapter 13 Bankruptcy reorganization payment will include your mortgage arrearages and, if applicable, priority debts like domestic support obligation and recent taxes. Your mortgage payment arrearage will be spread out in a 60-month payment plan as well as your priority debts. This is a far cry from the 90 days deadline given by the Notice of Default! The Trustee Sale of your home is postponed so that you can “catch up” on your mortgage arrears under a Chapter 13 Bankruptcy plan payment. In effect, you are forcing your mortgage lender to accept your payments over the course of 60 months in exchange that foreclosure is stop.
However, Chapter 13 Bankruptcy filing to stop a foreclosure is not for everyone. The Chapter 13 Bankruptcy plan payment might be too high or the value of your home is far below the mortgage balance to make any sense in saving it. Things to consider before filing Chapter 13 Bankruptcy: Do I make enough to support my family and make my monthly mortgage payment? Can I cut down on some expenses to afford my current monthly mortgage payment plus try to catch up on the arrearages in 60 months? Keep in mind, I can reduce your car payments by stretching it out to 60 months, reducing interest rates, or lowering your balance owed. I might be able to reduce other monthly installment payments. This extra savings can be used to pay your Chapter 13 Bankruptcy Plan payment, thereby providing funds to stop the foreclosure. If you find that you do not have enough income, you might want to ask yourself if you can rent out a room to a family member or friend; if you can pick up extra hours; and if your family member can contribute more. To be successful in stopping foreclosure requires careful planning before, during and after bankruptcy so that this will not happen again. I can help you when you schedule a consultation with me. Remember, careful and thoughtful planning takes time and you should not delay.
Call Muoi Chea, Foreclosure Attorney to get an in-debt foreclosure consultation at the following offices in Sacramento, Stockton, and Fairfield, California. Over the years, Muoi Chea has a long successful record of helping distressed homeowners throughout Northern and Central California and will continue to do so.
When you come in for a consultation, you should bring the following documents:
1. 7 months of paystubs for both you and your spouse;
2. most recent mortgage statements
3. Notice of Default and Notice of Trustee Sale Date
4. most recent tax return filed
5. general knowledge of liens on home. I suggest you obtain a title report or go to the county recorder’s office where your home is located.
Distressed homeowners facing foreclosure should also be wary of scams that “guarantees” quick and unbelievable results. For more information, click on Beware of Foreclosure Scams.
For more details about the Foreclosure Process or Timeline, Click Here.
Although the economy is in recovery mode, foreclosure is still a real threat to many homeowners throughout Northern and Central California in Sacramento, Roseville, Rocklin, Modesto, Stockton, Vacaville, Fairfield, and Vallejo area, California. Foreclosure is still a prevalent problem, so do not feel like you are the only homeowner who could not keep up with your mortgage payment. This is not the time to feel shame. It is a time to act. Everybody has bad luck. But not everybody has the resolve to pick themselves up and act. Chapter 13 Bankruptcy can save your home from foreclosure and I have the pleasure of helping homeowners throughout Northern and Central California save their home throughout the years. Because the economy is recovering, more and more people are able to afford to file Chapter 13 Bankruptcy and keep up with their Chapter 13 Bankruptcy Plan payment. You can save your home from foreclosure, but you must act and call Muoi Chea experienced Foreclosure Lawyer today to discuss your option.
It must be noted that Foreclosure Law is very complex and is different in different states. The foreclosure law in California can be very different from even neighboring states.
