Montebello Foreclosure Attorney | Foreclosure Lawyer
If you are struggling financially and finding foreclosure attorney in Montebello, you can reach out for no cost case evaluation by calling us at 323-477-1415.
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Montebello Foreclosure Attorney

Buying a home is part of the American Dream for many people. We know that nobody buys a home with the expectation they will not be able to make payments. However, there are times when a person’s financial situation is put into jeopardy and they can no longer afford their monthly payments. Eventually, the mortgage holder will begin the foreclosure process on the property.

At the Hayes Law Firm, APC, we understand that this can be difficult and we want to help. When you need a Montebello foreclosure attorney, we will work to examine your financial situation so we can come up with a solution.

What Is The Foreclosure Process?

Despite a strong economic recovery, many people in the state still struggle to make their monthly mortgage payments. This can be for various reasons, including job loss or a reduction in income, unexpected medical bills, an economic downturn, divorce, or other major life events.

It is important to understand the foreclosure timeline:

  1. A missed payment is Day 1 of the process. At this point, you can make the payment and stop the process.
  2. Notice of Default is Day 90 of no payments. The loan holder will file a Notice of Default and let you know within 10 days that it has been filed. You can still make all the back payments and fees to get your home out of default. If you only pay part of the amount owed, your home will remain in default.
  3. Notice of Trustee Sale happens after 180 days of no payments. After three months of being in default, the mortgage holder can set a date for the auction of your home.
  4. The Auction can happen on day 200, twenty days after the Notice of Trustee Sale.

Most foreclosures do not follow that exact timeline, though those are the official legal requirements. In reality, many people try to make payments, attempt to negotiate with the bank, and can sometimes avoid foreclosure. At any point in the process, you can secure help from a foreclosure attorney to help.

Foreclosure can be avoided by repaying the amounts owed and staying current or by filing for bankruptcy. When a person files for Chapter 7 or Chapter 13 bankruptcy, they typically are able to keep their home while they work to discharge or reorganize their debt. Filing for bankruptcy will mean that an automatic stay is placed on all collections against you, including the foreclosure process.

What Happens Next

If you have received a notice from your bank that they have begun the foreclosure process and your home may be sold at auction, please contact an attorney. At the Hayes Law Firm, APC, we do not want to see you lose your home. Our qualified and experienced team will work with you to determine the best path forward, including the possibility of bankruptcy, so you can keep your home and get your finances under control. If you need a Montebello foreclosure attorney, you can reach out for a free consultation by clicking here or calling us at 323-477-1415.

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At The Hayes Law Firm, APC, we serve all of Los Angeles and the Inland Empire, so whether you need a personal injury attorney in Montebello or a premises liability attorney in San Bernardino, we are here to serve you. Unlike other attorneys who view clients as cases, we understand that your experience has a human story behind it, and when you are in our offices, you are like a member of the family. We are ethical and compassionate, and we will take the time to find the best solution for your unique case and will work together with you every step along the way. Contact us today for a free consultation.