Foreclosure Defense in Oakland

How can I save my home?

You may be one of the countless families who have received a letter from the bank threatening home foreclosure, but if you work with an skilled attorney, you may not have to be one of those who actually lose the house. Whether you are about to fall behind on your mortgage payments, or if your lender has already set a date for the foreclosure, there are proven strategies for delaying or preventing the action-but you can't afford any delays.

If you file for Chapter 7 or Chapter 13 bankruptcy, your home will be protected from foreclosure by an automatic stay, but this is not your only option. Bankruptcy will not only shelter your home from foreclosure, it will also give you an opportunity to get rid of most of your debts so you can focus on keeping your home. If you don't qualify for bankruptcy, your attorney may be able to negotiate a loan modification with your lender so that you can receive a lower interest rate, a longer term to pay or a lower monthly payment.

Many homeowners, whose houses are worth less on the market than the amount of outstanding debt, are seeking the solution of short sale negotiation. A short sale depends on the cooperation of the lender who holds the mortgage, and it will allow you to sell the home at the fair market value. The lender usually forgives the balance of the loan. A short sale will often have less of an impact on your credit score than a foreclosure.

Protecting Your Best Interests

You should contact an attorney from Price Law Group when you have fears over losing your home. They have represented countless homeowners in your position and they will consult with you to come up with a plan of action for foreclosure defense. Many law firms offer this type of service, but it is in your best interests to work with an attorney who focuses on bankruptcy and foreclosure and can help you take full advantage of your options.