Los Angeles, CA; 20, July 2015: In times of economic strife, families often struggle to keep up with all of their financial requirements. In California, which was hit particularly hard by the great recession in 2008, many families have found themselves in dire circumstances. The choice between paying the mortgage and making sure that the children have enough to eat is a hard one, and the constant layoffs have not made it easier for families to meet their obligations. For those who have found themselves struggling under the weight of a mortgage they can no longer afford, when the bank has sent a notice of default, there is no need to despair — homeowners can stop foreclosure sales and save their home.


The question is how to stop foreclosure from moving forward. There are a few different ways to accomplish this objective. The first thing to do is find a lawyer — someone who can be trusted with saving the home from foreclosure. This requires a lawyer who focuses on foreclosures, and has a proven track record of helping homeowners to stop foreclose sales, even after a notice of trustee sale has been filed. In many cases, banks are more likely to work with borrowers if they know that there is a lawyer on the other side.

Once a borrower hires a foreclosure lawyer, the lawyer has to take immediate legal action to stop the foreclosure and start to negotiate with the bank. Even if the lender has sent a notice of default, it is usually not too late to work out a new payment plan — essentially modifying the mortgage with the bank so that a borrower can actually afford the payments.

If the bank is unwilling to offer a modification, an experienced bankruptcy lawyer can stop foreclosure by filing for bankruptcy. While bankruptcy may sound extreme, it is e very effective way to save the house from foreclosure. Bankruptcy forces the bank to stop foreclosure, and stop them from flat out taking the house in a trustee sale.

Anyone that determines they can no longer afford to live in the home and are ready to let the home go can also consider doing what’s called a deed in lieu of foreclosureor a short sale. A deed in lieu allows a borrower to give the lender the deed to the home in instead of going through foreclosure; this can keep a borrower from having to file a lawsuit or bankruptcy and prevent the lender from claiming any amount owed by the borrower after moving out of the home. An experienced foreclosure lawyer should be able to help homeowners negotiate a deed in lieu of foreclosure with the bank. A short sale is a real estate transaction that does not require a lawyer, however there is still a need to negotiate the terms of the short sale, and it is always best to call a lawyer before deciding to enter into a short sale.

No matter how one decides to deal with their foreclosure sale, enlisting the help of an experienced law professional can benefit the borrower. It can help save time and relieve some of the stress that comes with these types of struggles, and often saves money in the end.

Consumer Action Law Group has a team of dedicated lawyers that handle foreclosure and file lawsuits and bankruptcies to help homeowners. Homeowners facing foreclosure should call and talk to an experienced foreclosure lawyer as soon as possible. Consumer Action Law Group provides one free consultation to all consumers who are seeking help to stop foreclosure.

For immediate assistance one may visit http://ConsumerActionLawGroup.com or call (818) 254-8413.

About Consumer Action Law Group:

Consumer Action Law Group is a law firm dedicated to help consumers in consumer-related matters or consumers that experienced fraud and scam. Attorneys in the team are knowledgeable and experienced in the areas of eliminating debt, mortgages fraud, auto fraud, and foreclosures. They have direct experience in consumer fraud matters and helping consumers who are facing financial crisis, foreclosure, issues with employers, and problems with auto dealers.

For Media Contact:
Contact Person: Lauren Rode, Esq.
Telephone: (818) 254-8413
Email: [email protected]
Website: www.consumeractionlawgroup.com