You are in:
Bankruptcy Law Firm
Introduction
Bankruptcy Overview
How to Stop Creditors
Handling Bankruptcy
Chapter 7 Bankruptcy
Chapter 13 Bankruptcy
Alternative to Bankruptcy
Foreclosure
Understanding Foreclosure Options
Chapter 13 & Foreclosure
Loan Modifications
Short Sales
Deed in Lieu
Life After Bankruptcy
Bankruptcy News
Debtor Laws
Creditor Laws
Debt Calculators
Client Forms
Client Forms
Client Forms
 

Riverside County Foreclosure 

Owning your own home is one of the biggest financial investments that you can make. If you get in over your head with debt, and cannot make the payments on your home, the possibility of foreclosure may be one of your foremost worries. Riverside County Foreclosures have become rampant in the current economic crisis, but that does not mean that your home will have to be foreclosed if you fall behind on your payments due to a temporary hardship. There are options in place that can help you to remain in your home, and our Riverside County Bankruptcy Law Firm can help you to understand these options fully and apply them to your particular situation.

The foreclosure process typically starts after you have missed one or more payments. Your bank will send you a Notice of Default, but as California has nonjudicial foreclosures, you will not have the protections offered by a required hearing in court unless you request that hearing yourself either after the Notice of Default or after receiving a second notice, informing you of the bank’s intention to sell the property.

There are several potential defenses to a Riverside County foreclosure, and these may make it possible for you to remain in your home for some time, even if you have not made payments to the bank. However, most of these situations can be remedied by the bank, allowing the foreclosure to then proceed. One of the few ways to save your home may involve filing for Chapter 13 bankruptcy, which will allow you to make up missed payments over a 3 to 5 year period.

Foreclosures can be daunting, stressful, and leave you feeling both hopeless and uncertain. You can benefit from many laws designed to help homeowners by speaking with a reputable Riverside County Bankruptcy Attorney as soon as possible after you receive the Notice of Default. You may be able to work with your lender in order to modify the loan, or you may be able to have a loan modification made in the bankruptcy courts. Regardless of how you decide to proceed, the advice offered by an experienced Riverside County Bankruptcy Lawyer can prove invaluable to your financial wellbeing. Contact us today and arrange for a free initial case evaluation as soon as possible.