Even though the California foreclosure process may perhaps take months to complete, a foreclosure can push by to completion faster than most home-owners can (1) digest the information and facts getting sent to them, and (2) remedy their situation. Several home-owners are falling victim to representations of banks, lenders, and/or loan servicers, who give home-owners hope that they are going to obtain a loan modification up till the house is actually sold at foreclosure auction. The hope that the banks, lenders, and/or servicers give home-owners is usually false hope. They string home-owners along in order that the home-owners don't consult with legal counsel and guard their rights.
Each of the though, the banks, lenders, and/or servicers push forward with foreclosure proceedings, and, normally, the residence is eventually sold at foreclosure auction because the home-owners request to get a loan modification is denied on the eve with the foreclosure sale.
Call The Law Offices of Rhett T. Francisco today and shield your property as well as your rights. We're litigators, not loan modifiers. Rhett Francisco is licensed to practice law within the State of California and The Law Offices of Rhett Francisco is a California law firm. We sue banks, lenders, and servicers. We don't ask them to help you, we make them aid you.
Even when your bank, lender, or loan servicer is telling you that you simply may qualify to get a loan modification, you should pursue litigation to stop your foreclosure as soon as you obtain your Discover of Default. Far as well numerous home-owners have lost their properties because they trusted their bank, lender, or loan servicer, pinned their hopes on asking for a loan modification, and didn't pursue litigation to cease their foreclosure sale.
Quit California Foreclosure: What You'll want to Know