California Loan Modification and Foreclosure Prevention Services
The Litchney Law Firm, P.C. offers unparalleled legal representation across a comprehensive range of practice areas that are critical to the success and well-being of our clients. We practice at the very top of the legal profession and offer a cutting-edge blend of capabilities that enables us to handle deals and cases of any size and complexity. We have the ability to anticipate obstacles, seize opportunities and get the situation resolved with the experience and know-how to prevent it from being undone.
We have a team of educated, accomplished and friendly attorneys, each of whom brings experience in a certain area of law to the table to effectively and diligently represent our clients in the areas of Bankruptcy, Foreclosure Prevention and Real Estate, Business and Corporate Law, Intellectual Property, Patent Law, Estate Planning, and Probate and Trust Administration. Our Attorneys are outgoing and enjoy interacting with and assisting our clients with their legal needs in an efficient and affordable manner. With over fifty years of combined legal experience you can rest assured that your legal issues are in capable hands. We have a strong consumer protection practice, defending people from overzealous debt collectors and forcing credit reporting agencies to fulfill their obligations.
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California Loan Modification
California is one of the popular states of US with four large cities Los Angeles, San Diego, San Jose, and San Francisco.Millions of visitors come to this state every year to see beautiful parks, beaches and Hollywood. But today living here is a big challenge for everyone. The rate of foreclosure of this state is highest among all the other state of California.
The four major cities of California are among the top ten cities that experienced the highest rate of foreclosure. Stockton is the major city of California which has highest rate of foreclosure and every 27 homes is foreclosed here.
Foreclosure is really painful as no one can see his dreams getting shuddered in front of his eyes. But now there are number of Loan Modification companies which help the debtor in releasing some debt.
If you are also among those who are facing foreclosure then you really need a loan modification company near your city to prevent foreclosure from happening. There are number of Loan Modification companies in California too which make a deal with the lending party to reduce your debt and helps in preventing the foreclosure. They make changes in the total amount and also in the payment terms that you have to pay.
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California Loan Modification
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Some people believe that this would break the real estate law and could destroy the real state industry but actually it's completely opposite. People who are unable to pay their credit because of their current financial status are main client of these California Loan Modification companies.
If these California Loan Modification companies will not negotiate with the lender then the lender will finally get nothing because these people will not able to pay even a single cent otherwise. So overall it's good for both parties because it's better than not being paid at all.
Working with load modification companies is much better than getting bankrupt. But before agreeing, check out the terms and conditions of the company. Also, do not forget to contact your lender to prevent foreclosure.
Your main aim is to prevent your home foreclosure. Frankly tell your motive to Loan Modification Company so that they can understand your needs and work according to you. According to real estate law, stopping foreclosure process usually takes 6 to 10 weeks. So, try to get in touch with the company as soon as possible.
We advice you to get in touch with Loan Modification Company as you think you are in trouble. There are number of companies in California which are providing services such as loan modification, short refinance, short sale, and deed in lieu of foreclosure. Try to look out some companies around you or at internet.
We wish these companies will be helpful to you in getting your home back.
Here's my favorite link:
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Our friendly experienced attorney's have over 50 years of combined legal experience.
We have a very reasonable fixed fees for foreclosure prevention and bankruptcy packages.
Be cautious about who you choose to work with for foreclosure prevention or loan modifications; use a law firm or attorney, do NOT use those in the real estate industry, or "attorney backed" companies.
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California Loan Modification
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- Our Bankruptcy Attorneys and Foreclosure Prevention Attorneys have options for every situation you just need to call. Don't wait any longer, it may only get worse.
- California Bankrupty Process
- You may have heard or read that the Bankruptcy rules changed in 2005. It is a common mis-understanding that it is no longer possible to file for bankruptcy, or that it is harder to qualify. THIS IS WHAT YOUR CREDITORS WANT YOU TO BELIEVE, BUT this is simply not true.
- Foreclosure
- Are you facing foreclosure, either voluntary or involuntary? You may hear it in the media, about people just walking away to get out of their home's, or you may want to stay in your home but can't afford your payments right now. The question is can you really just walk away? We know all of the answers, and have been practicing this area of law long before it became the "it" area for the real estate industry and others looking to make a fortune off of other's misfortune.
- Short Sale
- A short sale is negotiating with lien holders for a payoff for less than what they are owed, or rather a sale of a debt, generally on a piece of real estate, short of the full debt amount.
- Loan Modification
- We can negotiate with your lender to get your loan in good standing again. This can be accomplished through a separate payment plan for your delinquency or even adding the delinquency to the end of your loan. Sometimes we can even lower your monthly payment!
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Category: File - :Foreclosedhome.JPG|thumb|House in Salinas, California under foreclosure, following the popping of the U.S. real estate bubble
Foreclosure is the legal and professional proceeding in which a mortgagee, or other lien holder, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption. Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt. While this equitable right exists, the lender cannot be sure that it can successfully repossess the property, thus the lender seeks to foreclose the equitable right of redemption. Other lien holders can also foreclose the owner's right of redemption for other debts, such as for overdue taxes, unpaid contractors' bills or overdue homeowners' association dues or assessments.
The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property (immovable property) after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust". Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs, and it is typically said that "the lender has foreclosed its mortgage or lien". If the promissory note was made with a recourse clause then if the sale does not bring enough to pay the existing balance of principal and fees the mortgagee can file a claim for a deficiency judgment.
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