Foreclosure. We can stop it! Even if it’s right on the eve of the sale! Call us now at (510) 451-6200 so we can meet and set up an appointment. Be sure to let us know that a sale date is coming up.
The mere mention of the word “foreclosure” sends a shudder through American homeowners as though an icicle had been dropped down the back of their shirts. In the American mind, home ownership is a symbol of success and acceptance. When we buy that house, we have arrived. Here in Alameda, like everywhere else, we take our home ownership very seriously. When that dream is threatened, it’s scary, it’s depressing and it’s stressful.
The recession throughout the United States–and here in the San Francisco Bay Area–has done enormous damage to the dream of home ownership. In Alameda County each month, hundreds of homes go into foreclosure. What this really means is that the home owner has fallen behind on his monthly mortgage payment and the lender has grown tired of waiting for late payments to come in. The lender starts foreclosure proceedings. In another article, we’ll talk about how the foreclosure process works here in Alameda–and throughout California.
If your lender has started the foreclosure process, we may be able to help you. Even if you’re right up against a sale date, we can in many instances file a bankruptcy case to stop foreclosure and get you some time to breath. Chapter 13 was designed to help home owners catch up on their mortgage payments.
If you’re like a lot of the residents of the City of Alameda, you have a pretty hefty mortgage. It doesn’t take much to upset the apple cart. Layoffs, divorce and devastating illness are all contributing factors to foreclosure. When the money gets tights, it’s easy to fall behind on the mortgage, especially here in the East Bay.
Sometimes a homeowner no longer wants to hang onto his house. In that case, a chapter 7 might be a good move. It can get the homeowner more time to figure out how to exit the home and get into a rented home. Often a chapter 7 is necessary if there’s a second mortgage that doesn’t get paid when the house is sold.
At the Pixton Bankruptcy Law, Attorney James Pixton meets personally with all potential clients to talk over the options. If foreclosure is coming up, he will help you decide whether to keep your house or let it go. James’ job is to help you understand your options and to know what your rights are.
Give us a call at our Alameda office today. (510) 451-6200. We offer a free half-hour appointment. At the end of our meeting, you will have a much better idea of what will work for you and what won’t. Call soon. Peace of mind awaits you.
