San Fernando Valley Stop Foreclosure Attorney
Nothing is scarier than the thought of losing your home when you are struggling with debt. For most people, it is their single biggest investment. Luckily, there are things you can do to stop foreclosure, even after the bank has sent you a notice. Do not hesitate to talk to a lawyer who can help you explore your options and protect your rights.
At the Orantes Law Firm, our Los Angeles foreclosure attorney has been helping individuals and businesses in Southern California stop foreclosure and get debt relief for over a decade. We understand how hard it is to fight against a mortgage you cannot afford, and we can help you find real solutions that provide immediate relief and long-term stability. Do not wait to get the fresh start you deserve.
Make the Law Work for You
The moment you file for bankruptcy, you will receive an automatic stay, which puts an immediate end to all foreclosure actions. It does not matter how close your home or property is to foreclosure, if it has not gone through yet, you still have options.
While the automatic stay will provide you with the immediate relief you need, bankruptcy will allow you to come up with a plan to save your property. Different people end up facing different foreclosure challenges, including multiple mortgages on single properties and multiple properties facing foreclosure. Our job is to help you find the bankruptcy that can best address your concerns:
- Chapter 13 bankruptcy: The most common type of bankruptcy for people facing foreclosure, Chapter 13 will allow you to avoid having to pay the entire amount of any previously missed payments by giving you a payment plan for your mortgage that you can actually afford and if you have more than one loan secured by your property, you may be able to eliminate the junior loans if the value of your house has dropped.
- Chapter 7 bankruptcy: Many people are actually able to save their homes through Chapter 7 bankruptcy. We can help you explore your options.
- Chapter 11 bankruptcy: If you have a multimillion-dollar home or multiple properties, Chapter 11 bankruptcy may provide you with the best chance of protecting your assets. This is the most powerful chapter and may allow you to lower your monthly mortgage payments secured on income property to affordable amounts at the current market rate.
Whether you find a way to save your home through Chapter 7 bankruptcy or home loan modification, it is important to know that there are options out there. From our Los Angeles offices, we can help you explore your options and find a way to save your home. We offer legal services in Spanish and English. Contact us today to schedule a free initial consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.