Foreclosure FAQ

Answers to Foreclosure Questions

What happens when I receive a notice of default?

It is recommended to stay in your home and seek knowledgeable legal representation in order to properly assess the actual situation, and explore alternatives to foreclosure.

How long is the foreclosure process in the state of California?

The lender can record a notice of default upon default of the mortgage on behalf of the borrower. Once the notice is recorded, the countdown begins. After approximately four months, the property can be legally auctioned, unless another agreement has been established between the homeowner and the lender. Considering foreclosure must be dealt with in a timely matter, it is important to secure immediate legal representation in order to adequately assess the financial situation and have the time to make alternative arrangements or start negotiations with the lender.

Are there other alternatives to foreclosure?

Although bankruptcy is a very effective way to avoid foreclosure, there are also other ways to achieve financial relief. Various programs are available to homeowners that are at risk of losing their home. Various refinancing plans and modifications to loans can help preserve one's home without having to resort to foreclosure.

Why do I need an attorney to make modifications to a loan?

It is possible to negotiate a loan modification on your own, however it can be extremely time consuming and complex. If you have had more than one mortgage, and therefore have had more than one lender, it may be difficult to efficiently negotiate a loan if the new lender uses the previous lender's information against you. Only an aggressive and skilled lawyer can effectively negotiate for you in such circumstances.

Foreclosure Defense Lawyer in Orange County

An Orange County foreclosure defense attorney at the Law Office of J. Arthur Roberts can make a tremendous difference in your case. Our firm ensures each client fully understands their financial situation and the available alternatives to foreclosure, and could help you identify the most effective solution for your individual case.

Contact an Orange County foreclosure defense attorney today for any questions regarding foreclosure.