Keep Your House and Avoid Foreclosure in California
When you are unable to keep up with your mortgage payments and are facing foreclosure on property in the Los Angeles area, you have options that may allow you to keep you home and avoid foreclosure. Some of your options may be better than others and companies that like to prey on vulnerable homeowners may try to convince you to try desperate measures in order to save your property; even measures that will ultimately take more of your money.
It is important to consult an experienced real estate and foreclosure attorney to protect your rights. At the Law Offices of Mark A. Brifman, we help our clients find reasonable alternatives to foreclosure that will not put them at risk. We can answer your questions, explain your options and advise you on the best alternative for your individual situation. For more than 30 years, our lawyers have provided knowledgeable real estate law to communities in Southern California.
Understanding Alternative to Foreclosure
There are many options out there that are presented as alternatives to foreclosure. Some of these are legitimate options that may be beneficial for your situation. These include:
- Home loan modifications and workouts
- FHA HOPE for Homeowners program
- Short sales
- Deeds in lieu of foreclosure
- Refinancing plans or repayment plans
Chapter 13 bankruptcy may also be an option for some individuals who are facing a possible foreclosure on their property. While bankruptcy does have some benefits for homeowners, it can also negatively impact your credit and your financial future. While the Law Offices of Mark A. Brifman does not practice bankruptcy law, we do maintain close relations with attorneys who do so, and who understand that process and how it relates to the foreclosure process. If you are considering bankruptcy, it is your best interest to discuss it with a real estate attorney first to decide if it is a productive option for you.
Contact us at the Law Offices of Mark A. Brifman, and take the time to make the right decision about your property. Do not let someone rush you or pressure you into making a decision that will negatively impact you and your future. Call us for a free initial consultation at 818.920.2113.
