Los Angeles Foreclosure Defense Attorney

Common Foreclosure Questions

Foreclosure can be a complex process, and there are many falsehoods in circulation about how it works. Below are answers to some commonly asked foreclosure questions:

How do foreclosures in California work?

Most foreclosures in our state involve "non-judicial foreclosure," in which there is no court action. Deeds of trust typically contain a provision called a "power of sale" clause, which allows a trustee to sell a property on behalf of a lender in order to satisfy a defaulted loan. This sale usually takes place in the form of an auction.

How long does a foreclosure take?

It usually takes no less than 120 days to complete an uncontested non-judicial foreclosure. However, in light of the weakened economy, many foreclosures are taking years to be effected, as lenders deal with a mortgage default backlog. Foreclosure may end up taking even longer if the borrower decides to contest the process.

Can I stop the foreclosure of my home?

There are several options available that may allow you to halt the foreclosure process. A Los Angeles foreclosure defense attorney can review your circumstances in order to determine which options will give you the strongest chance of a positive outcome. They may include a short sale, deed in lieu, or loan modification.

How will my credit be affected by a foreclosure?

A foreclosure will have an adverse impact on your ability to borrow money, through loans or lines of credit, for seven years. Foreclosure alternatives, such as a short sale or loan modification, are much less damaging to your credit score.

Foreclosure Defense Lawyer in Los Angeles

The Law Office of J. Arthur Roberts has provided foreclosure defense services to individuals in Los Angeles for 20 years. One of our experienced and highly trained debt relief attorneys is available to assist you in pursuing a foreclosure defense method that will increase your chances of being able to remain in your home.

Contact a Los Angeles foreclosure defense lawyer for immediate help in defending against the foreclosure of your home.