During tough economic times like the current prolonged recession and home foreclosure meltdown, a shocking number of people find themselves facing foreclosure. 1 in every 200 homes will be foreclosed upon. The prognosis for the future is no rosier with 43% of all Americans households currently earning less than they spend. Many people never seek legal assistance because they are embarrassed about their financial situation. However, many people face the prospect of foreclosure on their family home resulting from factors over which they have no control. Over 57% of all people facing home foreclosure are facing a financial crisis resulting from job loss or a medical crisis.
If you are facing foreclosure of your home, the Shakoori Law Group can help you keep your home. We will carefully review your situation so that we can advise you on the best way to protect your home from foreclosure. It is our goal to provide you with the legal counsel that will help you avoid foreclosure or that will offer you the best chance at a positive financial future. Our law firm has years of experience and knowledge regarding California deed of trust, mortgage, and foreclosure law. We regularly employ a number of proven legal foreclosure defense strategies that may include asserting your rights under state law, federal law, the bankruptcy code or even the tax code. We may engage in direct negotiations with your lender utilizing the following strategies:
Voluntary Modification: We may negotiate directly with your lender to obtain a voluntary loan
Bankruptcy: We may be able to help you avoid foreclosure by using a Chapter 7 bankruptcy to eliminate your unsecured debt (i.e. credit cards, credit lines, hospital bills, etc), then file a Chapter 13 to allow you to pay your arrearages on your mortgage in installments over time. This is a strategy that allows many people to keep their homes.
Short Sale or a Deed in Lieu of Foreclosure: Where a voluntary loan modification or Chapter 13 bankruptcy is not an option these alternatives may be utilized to protect your credit rating. There is always the possibility of a new loan. Each situation is unique and deserves individual consideration.
Negotiate a New Loan: In some cases, we may be able to help you keep your home by helping you negotiate a new loan with terms that you can afford.
It is important to have a game plan with carefully considered strategies and options. An Orange County bankruptcy attorney will carefully analyze your situation and review your loan documents to determine the advantages and disadvantages of your available options. Some forms of relief such as a short sale can have significant negative tax implications. Shakoori Law Group can make sure that you have all the information you need to make the best overall decision based on all relevant information. We have helped many families throughout Orange County and Southern California just like you keep their homes.
If you are facing the stress and anxiety of foreclosure or threatened foreclosure, we can help. If you are facing economic challenges and are at risk of losing your home, Shakoori Law Group can help. The Shakoori Law Office is conveniently located in Santa Ana, California. We routinely assists clients throughout Southern California including but not limited to the following: Santa Ana, Tustin, Fullerton, Orange, Anaheim, Irvine, Newport Beach, Costa Mesa, Fountain Valley, Huntington Beach, Westminster, Garden Grove, Orange, Buena Park, Placentia, Yorba Linda, Irvine and throughout Los Angeles, Riverside and San Bernardino Counties. Call 800-578-0922 today for your no obligation free initial consultation.