Even after foreclosure, your lender can come after you for the money they lost in the transaction. If you owed more on the mortgage than the property sold for at foreclosure auction, the lender can sue you for the difference. For example, if there was a principal balance of $500,000 remaining on the loan, but the home sold for $300,000 in the foreclosure auction, your lender could sue you for $200,000. Our foreclosure attorneys help California consumers fight deficiency judgement cases even if they’ve already lost the property to foreclosure.
For most homeowners, losing a property to foreclosure is stressful and frustrating enough. Deficiency judgement’s typically come just as consumers think that they are getting back on their feet, and can cause another serious setback. Even though your house has already been foreclosed on, you may have a way to stop the deficiency judgement when you hire an attorney. While the strategies vary depending on the case, situation and timeline, our attorneys are able to assess and provide you with clear instructions on how you should proceed.
We work with each client on a one-to-one basis so that we can help them develop a winning strategy. This process starts with a free consultation over the phone or in person with one of our California foreclosure attorneys at our Los Angeles office. Once we determine that you have a case and viable defense, we can discuss any fees that would be associated with moving forward hiring our firm.
What Is Your Goal?
Our foreclosure attorneys will work with you to achieve the goals you have for fighting a deficiency judgement lawsuit after foreclosure. If you have already been served, then you should act immediately and call our office today to get started. The sooner that you acquire legal help, the more legal options are likely to be available to you. While we do welcome in person consultations, most of our clients start by speaking with an attorney over the phone to have their immediate questions answered right away.
Most people facing a deficiency judgement want to know what a foreclosure attorney can do to help them avoid having to pay the fees. There is no one cookie cutter solution or legal strategy used by our attorneys, so we will need to learn about your situation in full before making any suggestions.
Let Us Help You Stop the Foreclosure Sale
If you are facing a post foreclosure deficiency judgement, hiring a foreclosure lawyer is the smartest thing to do. Call us today to speak with our team, and the foreclosure attorney that will represent you against your lender. We have an excellent track record with our clients and with the courts, and truly care about each case we represent. We look forward to speaking with you and answering your questions.