STOP FORECLOSURE :: LOAN MODIFICATION

A California Loan Modification Attorney and California Short Sale Attorneys Here to Help You! We Have Helped Hundreds of Clients Save Their California Home!

Why So Many Homes Are In Jeopardy

In the past, mortgage lenders did not have very strict lending guidelines, resulting in many people receiving mortgages who were not capable of supporting the monthly payment. Loans were also given to homeowners with complicated adjustable rate terms where payments started out affordable and adjusted to a higher payment later. When the real estate market declined, many people who planned to sell their homes before the rate adjusted were stuck in a property that is now worth less than what they owe on the home. Not only did the real estate market decline, but the job market plummeted too. As homeowners could no longer afford the mortgage payment on their home, the banks began to foreclose in an effort to cut their losses on the loan they gave.

If Your Home Is In Jeopardy, You Have Options

Many California home owners lose their home each day because they did not take the time to educate themselves on all of the options available to them to save their home. The Law Office of Kristy Hernandez is a full service real estate and bankruptcy law firm with multiple locations in Sacramento and the Bay Area (Newark/Fremont/Union City). Our goal is to educate our clients on all the available options to save their home and help them execute the plan that works best to meet their goals. All clients receive a free one hour consultation with an attorney for advice on how to proceed in saving their California home. Some of the options our attorneys will discuss include:

Loan Modification

If a bank forecloses on your home, they lose much of their initial investment plus the profit they would have made on the interest paid over time. These potential losses often make banks open to negotiations with the home owner. If the loan terms can be modified to a more affordable payment, the lender will obtain the repayment of the borrowed value and the home owner will remain in possession of the house. Our office has helped hundreds of client receive loan modifications, and can help you evaluate whether you qualify for a modification of your loan. Please read more about our loan modification services on our Loan Modification page.

Postponing/Stopping the Foreclosure Sale

Many clients are not familiar with the foreclosure process and learn at the last minute that their house is set to be sold at a foreclosure auction. Many homeowners simply need more time to evaluate their options and create a plan. Our office specializes in negotiating with the lender to secure a postponement of a foreclosure. Please read more about postponing a foreclosure auction on our Stop Foreclosure page.

Short Sale

Our office provides legal services for many short sale clients. We are available to review short sale agreements with the banks so clients know if the lender has the right to sue them after the short sale to collect on any unpaid mortgage balances. We also work with real estate agents regularly to help negotiate short sale agreements with the banks. For more information about short sales, please read our Short Sale page.

Surrender/Deed In Lieu of Foreclosure

Many clients decide that they simply want to give back their house to the lender because they cannot afford it or because they no longer want to own a home that is worth so much less than they owe on it. Clients frequently have questions regarding this process. Are there tax ramifications? How long can I continue to live in the house? What happens to my tenant living in the property? Our office provides consultations explaining the process of surrendering the home so that clients can feel confident that they are making the right decision.

Bankruptcy

Chapter 7 and Chapter 13 bankruptcy can be used as excellent tools to stop foreclosure and help homeowners catch up on a mortgage when they have gotten behind on payments. Many of our clients would be able to afford their monthly mortgage payment if they did not have so much other debt like credit cards and medical bills to pay. Also, many clients have exhausted all of their credit, racking up huge debt trying to come up with the mortgage payment that they cannot afford. For clients who receive a loan modification, they may need debt relief solutions to help relieve them of this debt. Please read more about bankruptcy services on our Bankruptcy page. You may also review our website dedicated to bankruptcy: www.khlawoffices.com.