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Orange County Foreclosure

Losing a home is one of the most stressful things that can happen to anyone, especially in the current economic uncertainty that is plaguing our country. Whether you've fallen behind due to employment issues, or whether your past due payments are caused by interest rates on your mortgage spiraling out of control, a Chapter 13 bankruptcy may be the best solution to prevent foreclosure, and allow you to remain in your home while you make arrangements to pay off what you owe and pay down other debts. Our professional Orange County Bankruptcy Attorneys understand that foreclosure can happen to anyone, even individuals with steady jobs, and we are committed to helping each of our clients prevent  or find alternatives to the foreclosure process.

Generally speaking, the first indication you will have that you are in danger of foreclosure is the Notice of Default, which is typically mailed after you have missed one or more payments. How many payments  you miss before you are notified depends upon your lender, but since the state of California does not require judicial foreclosure proceedings, you must act quickly to preserve your home.

If you decide to fight the foreclosure in court, you may have some legal recourse depending upon your situation. However, many people find that even if the initial foreclosure is prevented, the lender will correct the issue that stalled the foreclosure proceedings and then renew them, which only delays the process, rather than preventing it. If you want to prevent foreclosure entirely and you cannot work out alternate payment arrangements with your lender, it may be time to file forChapter 13 bankruptcy.

Chapter 13 bankruptcy will give you the protection of an automatic stay, which will halt the foreclosure process and allow you to have time to get your finances in order as you work towards an equitable repayment plan that is acceptable to the court. Additionally, you may be able to have your mortgage adjusted by the bankruptcy judge, if your lender was unable or unwilling to modify the loan for you. This means that not only will you be able to pay back the arrears on your mortgage, you may be able to save a significant amount of money in terms of your mortgage payment, once the terms are adjusted.

Orange County Chapter 13 bankruptcy can't save every home, but it can give many people in Orange County the chance to preserve their home ownership along with their other assets while still making payments to creditors. If you think that you may be in danger of foreclosure, please contact one of our experienced, reputable Orange County bankruptcy attorneys as soon as possible. The longer you delay, the more difficult it could be to save your home and prevent the foreclosure process. 

Our Orange County Bankruptcy Law Firm proudly serves Newport Beach, Orange, Huntington Beach Bankruptcy Attorney, Irvine, Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, OC Bankruptcy Lawyers,  OC Bankruptcy Lawyers, La Habra, La Palma, Laguna Beach, Laguna Hills Bankruptcy Attorney, Laguna Niguel, Laguna Woods, Lake Forest, Los Alamitos, Mission Viejo, Placentia, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, Yorba Linda, Coto de Caza, Emerald Bay, Orange County Bankruptcy Attorneys Ladera Ranch, Midway City, Modjeska Canyon,   North Tustin, Orange Park Acres, Rancho Mission Viejo, Red Hill, Rossmoor, Silverado Canyon, Sunset Beach, Trabuco Canyon