California Attorneys Protecting You and Your Family
Working Hard to Provide Helpful Options Regarding Home Foreclosure
In these troubled economic times, more and more homeowners are defaulting on their mortgage obligations, resulting in mounting foreclosures. Knowing when to fight to keep your home and when it would be more beneficial for you to walk away can be critical to your financial well-being. To make an informed decision, you should talk to a knowledgeable attorney before taking action.
The attorneys of Boyd Contreras, LLP, understand the emotional ties you have to your home. It is the center of your family life, the place where you can relax and where you can get away from the rest of the world. Because you are so emotionally invested in your home, getting an objective legal opinion from an experienced attorney can be invaluable. Contact our San Diego law office for a free initial consultation to discuss an upcoming or current foreclosure.
Know When to Fight to Save Your Home
Whenever possible, our knowledgeable lawyers will fight to help you keep your home. To do this, we use such tools as:
- Filing Chapter 7 bankruptcy - When you file bankruptcy, all creditor collection actions, including foreclosures, harassing phone calls and threatening letters, must stop. By discharging a portion of your unsecured debt, you free up income that can now be used to meet your mortgage obligations.
- Filing Chapter 13 bankruptcy - Chapter 13 bankruptcy reorganizes your debt into one monthly payment that you will make for the next three to five years. It is possible to include any past due mortgage payments into the reorganized amount, again freeing up money you need to get your payments current.
When Walking Away is the Best Option
Unfortunately, sometimes leaving your home is your best course of action. Boyd Contreras, LLP can work to negotiate a short sale or deed in lieu of foreclosure on your behalf.
Fighting Deficiency Judgments
If your property is foreclosed upon and sold for less than you owe, the leftover amount is your responsibility. Your lender can hold you personally liable for that amount and obtain a deficiency judgment against you. You do have the right to challenge this judgment, however, and we can help. Contact us to learn more.
Honest Answers, Trusted Advice
Home foreclosures are frightening. Learn about all your options before taking action. Contact us online or call our office locally at 619-378-4033 or toll free at 866-680-7953 to schedule a free initial consultation.
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