Foreclosure Defense Lawyers: Homeowner Advocates
At Stolar & Associates, we realize how critical your home is to your family’s welfare. If you have experienced financial hardship and are at risk of losing your house, our foreclosure defense attorneys will use every strategy at their disposal to help. We serve clients throughout Southern California, including Orange County, Beverly Hills and other parts of the Los Angeles area. If you are in default on your mortgage payments through no fault of your own, or if you feel you may have been a victim of unethical lending practices or mortgage fraud, we encourage you to contact us before it is too late to take action.
Foreclosure defense: Let us help you save your home.
Call 310.288.1828 for a free consultation with an attorney.
Foreclosure defense strategies: What can a lawyer do for you?
Our goal will be to stop foreclosure proceedings and negotiate mortgage terms that will allow you to make payments and stay in your home. Our lawyer may negotiate a loan modification that includes an interest rate reduction, term extension (converting a 15-year loan to a 30-year loan), a complete loan program change (from an adjustable rate mortgage (ARM) to a fixed rate mortgage) or a combination of modifications. One of our experienced loan modification lawyers will evaluate your situation and recommend a course of action. Your attorney will consider the following:
Negotiate a forbearance agreement
If you are, because of unavoidable circumstances, unable to make your payments and in default, our attorney will ask your lender to enter into a forbearance agreement while you restructure, refinance or modify your loan agreement. Even if you are delinquent and in default, your lawyer may arrange a temporary reduction of loan payments. Under the forbearance agreement, the lender will stop foreclosure proceedings while your lawyer negotiates a loan mod you can live with.
Arrange refinancing, a loan extension, a lower interest rate
The simplest solutions may be the best. A simple refinance or extension of the term of your mortgage loan may provide you with an affordable payment and a chance to get back on your feet. Your lender may agree to a mortgage modification that includes a lower interest rate or reduction of the amount owed.
Deed-in-lieu of foreclosure
If you want to avoid foreclosure and the damage it does to your credit rating, but cannot make payments on your home, our attorney may negotiate a deed in lieu of foreclosure. In that case, the lender will take title to your home as payment for your mortgage debt without going through the foreclosure process. Deed-in-lieu of foreclosure is sometimes the safest and quickest way to resolve mortgage debt.
Pre-Foreclosure Sale (Short Sale)
A lender may agree to a pre-foreclosure sale or short sale. In a short sale, your home will be sold for less than you owe on your mortgage loan, the lender will accept the sale amount in payment for your debt, and you avoid going through foreclosure.
Investigate predatory lending practices
Your rights under the federal Truth and Lending Act and California consumer law may entitle you to damages and to rescind or unwind your mortgage loan if there is evidence your lender employed unethical or fraudulent mortgage lending practices when making the loan.
Family lawyers here for you during difficult times
If you are unable to make your payments, foreclosure defense or negotiation of a mortgage loan modification may be only one legal service you need to get your life on track. At Stolar & Associates, we are family lawyers, and represent clients in issues as wide-ranging as child support, divorce, spousal support and bankruptcy. This comprehensive approach allows our lawyers to integrate services. It is always our goal to provide the strongest representation possible. Contact our Beverly Hills office today to discuss any family law issue.
