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Foreclosure Attorney in Downey Saving Homes for Clients

Drowning in debt and the looming fear of foreclosure can be an incredibly daunting and anxious reality for many Americans. When somebody is subject to foreclosure, it often means that their financial situation has become so dire that they can no longer keep up with their mortgage payments or other debt obligations. Facing the prospect of losing a home can be the worst feeling in the world.

A foreclosure attorney in Downey can help provide clients with much-needed assistance in navigating the complex legalities involved in this process. An experienced lawyer, like Le’Roy Roberson, will be able to provide sound advice on how to best proceed, as well as information regarding possible options such as bankruptcy filings. In addition to providing legal counsel, an experienced bankruptcy attorney will employ tactics such as defending against illegal practices by lenders or other creditors and negotiating payment plans that are more manageable for those facing financial hardships.

The weight of impending foreclosure can feel overwhelming, but having a skilled professional with experience navigating these situations is essential when seeking a resolution. With the help of our law firm, you don’t have to go at it alone; Resolve Law Firm, APC, can put a stop to your foreclosure and help you on the path to financial freedom. Contact us today at 213-583-5547 to learn more about your options and to book a free consultation!

What Causes Most Foreclosures?

Foreclosure is a serious financial issue that can have devastating effects on individuals and families, particularly in an economic downturn. In order to effectively defend against foreclosure, however, it’s important to understand what causes them in the first place.

The most common cause of foreclosures is homeowners who fall behind on their mortgage payments. This may be due to job loss or other major life changes that affect their ability to make full payments each month. Additionally, if homeowners take out more money than they can pay back, this could lead to defaulting on payments too. Other causes may include rising interest rates or home values dropping below what was originally paid for the property. Other factors can also contribute to cases of foreclosure, such as a death in the family, illness, or disability. If an individual is unable to make their payments due to any of these circumstances, they may be at risk of losing their home.

It’s important for those facing foreclosure to understand they are not alone. Working with an experienced foreclosure attorney can help them understand all is not lost. Foreclosure defense is a phone call away. Contact Resolve Law Firm, APC, to keep your home and move one step closer to debt relief.

Can I Temporarily Stop a Foreclosure From Taking Place?

Facing foreclosure can make you feel like you have no way to stop it. However, one of the most effective ways to put a brief stop to the foreclosure process is by filing for bankruptcy. While this may seem counterproductive at first, filing for bankruptcy provides consumers with protection against predatory creditors. In this case, filing for bankruptcy can trigger an automatic stay, which temporarily halts the foreclosure process and prevents creditors from taking legal action against you. An automatic stay will provide a brief respite from foreclosure, but it will not last forever. However, depending on the type of bankruptcy you file for, you can ultimately save your home.

Making the choice to file for bankruptcy is a serious one that should not be rushed. Before deciding whether to file for bankruptcy, you might want to speak with a knowledgeable Downey foreclosure lawyer. There are still ways to help prevent foreclosure, no matter how grave your situation may appear. Although we assist you in looking for long-term alternatives, filing for bankruptcy can offer temporary protection.

Is Chapter 13 Bankruptcy a Good Way to Stop Foreclosures?

When facing foreclosure, many homeowners may turn to Chapter 13 bankruptcy as a way to halt the process and save their homes. It’s important, however, to understand how filing for bankruptcy affects your credit score, payment obligations, and other aspects of your life before deciding if this is the right course of action.

Under Chapter 13 bankruptcy laws, debtors can create a repayment plan with creditors that gives them more time to pay off past-due debts. This includes any back mortgage payments they owe due to the impending foreclosure. Debtors must agree to make regular monthly payments over a three or five-year period in order for this option to be available.

Chapter 13 also allows debtors to catch up on delinquent payments without fear of foreclosure. Once the repayment plan is approved, creditors must cease all collection actions and stop any foreclosure proceedings against the debtor during this period. This gives them some much-needed breathing room to get back on track with their mortgage payments.

How Can a Foreclosure Defense Lawyer in Downey Help Me?

If you are facing a foreclosure, you should consider seeking legal help from a foreclosure lawyer in Downey. Our founding attorney, Le’Roy Roberson, can provide important guidance and assistance to get you through this difficult time. He will evaluate your financial situation, assess your options, and develop an effective plan of action geared toward loan modification, mortgage modification, and other foreclosure defense strategies.

By providing constant communication and personalized service, Le’Roy Roberson will help you understand your rights as a homeowner. He can review any notices received from creditors or lenders, assess potential defenses that may be available in your particular case, and develop an argument to present in court if necessary. If you’re looking for knowledgeable representation during this difficult time, contact our office today to speak with our team at 213-583-5547.