Stop Foreclosure

Modesto Stop Foreclosure Attorneys

Stockton Short Sale Lawyers

There are various ways to stop foreclosure on your home. If you have missed multiple mortgage payments, your home may be in foreclosure status and may be in danger of being sold out from under you.

There are legal defenses to a foreclosure action. If your lender committed fraud or engaged in predatory lending practices, he or she may be prevented from foreclosing on your mortgage.

Loan Modification

If your circumstances simply prevented you from making mortgage payments as due, you may still be able to stop foreclosure with loan modification. Rather than take your house and deal with re-selling it, many lenders are willing to modify your loan, reducing the interest rate, forgiving fees, or even reducing the principal owed.

Short Sale

A “short sale” avoids foreclosure and the negative effect on your credit rating, but you will lose your home. Here, the home is sold for less than the amount you owe on it. The bank or lender loses the money it would have had in payments from you. But in California they are generally not allowed to pursue you for these funds at a later date.

Chapter 13 Bankruptcy

Although most people choose to file under Chapter 7 due to the “fresh start” you have almost immediately, Chapter 13 can stop foreclosure. You must enter a repayment plan of three-to-five years, but can keep more of your property than under Chapter 7.

Attorney Thomas P. Hogan understands the stress of potentially losing your home. He has the credentials of an experienced attorney with an MBA, but he recognizes what his clients are going through and cares about their success.

For a free fifteen-minute consultation with a bankruptcy lawyer, contact the Thomas Hogan Law Office or call (209) 214-6600 to stop foreclosure.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.