Facing Foreclosure in Fresno-Clovis?

Do You Need Foreclosure Help?

Your search to find a lawyer who can help advise you on Bankruptcy and Foreclosure in Fresno-Clovis or anywhere in the Valley has led you to the right place.  Our bankruptcy law offices will fight foreclosure to help you keep your home.

If you are facing foreclosure, bankruptcy might be able to help. In many cases, filing Chapter 7 bankruptcy can delay the foreclosure by a number of months. Furthermore, for some Central Valley residents, you may be able to save their home by filing for Chapter 13 bankruptcy protection.

 What Is Foreclosure?

Typically foreclosure begins after a homeowner falls behind on mortgage payments. The lender begins the legal process of selling the home at auction in order to get payment for the loan. The process involves numerous steps, including notification to the homeowner.

This won’t happen overnight. Usually a lender won’t begin the foreclosure process until you’ve missed several payments, often three or four. That gives you time to try some alternate measures, such as loan forbearance, a short sale, or a deed in lieu of foreclosure.

But if you’ve already tried and failed with these measures, now is a good time to consider bankruptcy as a possibility for avoiding or stalling foreclosure. Here are some ways that filing for bankruptcy can help you.

The Automatic Stay: Delaying Foreclosure

When you file either a Chapter 13 or Chapter 7 bankruptcy, the court automatically issues an order (called the order for relief) that includes a wonderful thing known as the “automatic stay.” The automatic stay directs your creditors to cease their collection activities immediately, no excuses. If your home is scheduled for a foreclosure sale, the sale will be legally postponed while the bankruptcy is pending–typically for three to four months with some exceptions.

We offer a one hour free legal consultation and we provide foreclosure prevention help so call us to schedule an appointment with a foreclosure attorney now at 559-485-2535.