Foreclosure Lawyers in Los Angeles
Reliable Representation from a Certified Bankruptcy Specialist
Our country is currently suffering through some of its most traumatic and turbulent times in history. The global pandemic has not only struck the most vulnerable of us with a deadly illness, but has also created one of the worst recessions ever experienced. Throughout these challenging times, many individuals and families are alarmed to discover they are falling behind on mortgage payments for no fault of their own.
Despite the fact that many people's sources of income have suddenly dried up, due to countless jobs being cut and businesses grinding to a stop, creditors keep demanding payment. The last thing you and your family need on your mind during this catastrophic time is to worry about unpaid bills, but debt collectors are there to remind you that if these payments are not made, they have the power to strip you of your home.
When the terrible threat of foreclosure is made, many people are frightened into believing that there is nothing else they can do to prevent their houses from being seized. However, The Turoci Bankruptcy Firm is here to tell you there is hope. Our reliable foreclosure attorneys in Los Angeles are determined to help you avoid foreclosures and the loss of your home.
Call us today at (310) 846-8454 to protect your home from the threat of foreclosure.
What’s The Definition of Foreclosure?
The moment you notice the foreclosure letter in your mailbox, you will probably be filled with dread and fear. Foreclosure can be defined as the event where a mortgage company has the right to seize your property if you owe a payment.
Unfortunately, mortgage requirements do not pause even in the midst of catastrophic events, causing great financial and emotional stress as you try to figure out how to pay them before your house is foreclosed. Foreclosure is not merely a matter of the mortgage company holding onto your house for a certain amount of time. Lienholders actually have the power to sell off your home to pay the rest of the mortgage, leaving you and your family without a shelter over your heads.
Resolving Foreclosure through Bankruptcy
One of the best ways to resolve foreclosure is by turning to Chapter 7 bankruptcy. If you are an individual or a family desperately seeking to keep your house, you can find financial freedom through Chapter 7. The immediate benefit of applying for Chapter 7 is that you can receive an automatic stay. An automatic stay instantly stops creditors from attempting to repossess the home you have worked so hard to own. Creditors are banned from hassling you with phone calls, emails, and letters, or even pursuing litigation. During the extra time you receive through an automatic stay, you can either live rent-free or figure out a loan modification at a lower cost with your lender.
Other Advantages of Applying for Bankruptcy
There are several advantages of applying for bankruptcy, in addition to the automatic stay. This is of course dependent on the income you currently have, as well as the most recent amount of your family’s expenses for living. These only consist of unsecured debts, which are bills that are not attached to a solid, single entity.
Some of the unsecured, nonpriority debts you can discharge through bankruptcy include:
- Medical bills
- Credit card balances
- Personal loans
- Private education loans
- Cell phone bills
Get Dependable Legal Support & Guidance Today
Applying for Chapter 7 bankruptcy can be a great benefit for you and your family, and it can give you a clean start that you need to gain financial independence. In order to navigate the complex application process, you can rely on our knowledgeable foreclosure lawyers in Los Angeles.
Great process- Former Client
I would recommend them to anyone looking to file bankruptcy.- Former Client
Todd, was great, He helped me to get through a rather tough time.- Eric Quinn
Thank you Mr. Turoci for assisting me with my financial situation. You and your staff (Daisy, Courtney, Laura, and Dana) were so helpful!- Kimberly Deasey
Mr.Turoci always answered my questions, and put me at ease. My only regret is that I didn't do this sooner.- Mary Cunningham
Certified Bankruptcy Specialists
Todd is one of the few Certified Bankruptcy Specialists in the Central District and the only one in the Inland Empire, as designated by the American Board of Certification.
Free, No-Obligation Consultation
Our firm offers free, no-obligation consultations for those who chose to retain our services.
We can understand how challenging this process can be and will guide you through, every step of the way.
We offer our clients after-hour, weekend and same day appointments to meet your busy schedule.
When you hire us, you will have direct access to your attorney from start to finish.
Our team is bilingual! We service our clients in English & Spanish.