More Californians than ever before are facing foreclosure on their homes. Foreclosure can often be prevented through short sales or providing defenses to foreclosure. However, in some unfortunate cases, foreclosure cannot be prevented.
As a Martinez foreclosure defense attorney, I have years of experience guiding people through these traumatic and difficult experiences. I provide insightful legal counsel and an invaluable sense of comfort as I defend your best interests in foreclosure proceedings.
Concord Avoid Foreclosure Attorney
When a lending institution begins foreclosure proceedings on a property, it is generally to recover a mortgage loan in default. I can perhaps stop the sale or negotiate some relief. However, if such negotiations and/or other foreclosure prevention measures such as an attempted short sale of the property have been unsuccessful, the bank will sell your home or other mortgaged property in a trustee sale. In many cases, the property will sell at a lower value than what it is worth and in many cases, for less than the amount awed on the mortgage.
Sometimes a lending institution may seek a deficiency judgment against you. However, under California law, a lender can't obtain a deficiency judgment if it foreclosed through a trustee sale, or if the loan in default was used to purchase the home (called a purchase money loan). Often a second in line lender is not barred from seeking a deficiency judgment after a trustee sale by the first lender.
Fight Foreclosure in Walnut Creek
I offer a free 30-minute consultation to determine what I can do to help you fight foreclosure and defend against deficiency judgments. Call 888-335-9597 toll free or contact my firm online to schedule an appointment.