July 4th is a day to celebrate the independence of our county and what we are founded upon. Our founders created a government that provides us with the rights to live life in a fair and prosperous society. Today, after our celebration of independence, we can realize that the systems of government in place give us the opportunities to change our lives for the better and bankruptcy is one of the rights we can take utilize which was given to us by our law-makers to help your financial situations. Bankruptcy Law Professionals is proud to help citizens and consumers take advantage of the rights in the bankruptcy code to help people get back to the lives that they hoped to live.
In Riverside, our bankruptcy attorneys are continuing to provide bankruptcy services that stop foreclosure throughout Riverside County and San Bernardino County. After many years of experience in helping to stop foreclosure with Chapter 7 or Chapter 13 filings, we have learned and perfected the strategies necessary to either stop foreclosure permanently or to postpone foreclosure until you have had time to negotiate with your bank or explore other mortgage assistance options.
Most recently, our Riverside bankruptcy attorneys are finding that foreclosure while negotiating with a mortgage bank on possible loan modifications or loan assistance programs is very common. We are finding that many people tend are being foreclosed on at the same time that their mortgage bank is telling them that they are processing a loan modification. The mortgage banks today are very unpredictable, but in most cases, it is not difficult to figure out if your bank is stalling on your loan mod and trying to foreclose on you. Here are some commonalities that our Riverside bankruptcy attorneys have found to be helpful for you to decide whether you need a bankruptcy to stop a foreclosure or not:
1. If your bank has taken several months to process your loan modification and still has not given you an answer, foreclosure may be inevitable. Don’t get caught up in thinking there is a giant stack of loan modifications that is so huge that they haven’t been able to process your loan modification for 6 months. There are several staff members at the banks that can evaluate your situation. We highly doubt that it would take more than 1 day to examine your file and see if you qualify for a loan modification program or not. Don’t be fooled into thinking that your loan modification is still “being processed”.
2. Open your mail. Our Riverside bankruptcy attorneys have encountered many people and households that believe that when your loan modification is being processed, you can ignore all other mail regarding foreclosure from your mortgage bank. This is not the path you want to be on. You should not ignore your mail, but instead, make sure you read every piece of mail that comes to from your bank regarding your mortgage. Some people who ignore the notices sent to them may ignore a trustee sale notice which leads to the sale of your home even while you are in the process of having your loan modified.
3. Learn more about bankruptcy just in case you will need it to stop your foreclosure. It is evident from the experience of our Riverside bankruptcy attorneys that many people do not learn about their options in bankruptcy until they are facing a foreclosure or trustee sale. It is important for you to learn your rights in bankruptcy before you are in an emergency situation so that you know what all of your options are to avoid making a hasty decision with a law firm that you know nothing about.
To contact our Riverside bankruptcy attorneys for consultation and bankruptcy information, please call us at 855 257-7671. We have hundreds of happy clients in Riverside, San Bernardino and Orange Counties who’s homes have been saved by calling Bankruptcy Law Professionals.
