Riverside Foreclosures Defense Attorneys
Certified Bankruptcy Specialist in Your Corner
The COVID-19 pandemic has created some of the most traumatic and turbulent times in U.S. history. Not only has the pandemic struck the most vulnerable with a deadly illness, but it is also the source of a devastating economic recession that has forced many individuals and families to fall behind on mortgage payments through no fault of their own.
At The Turoci Bankruptcy Firm, our compassionate team of attorneys understands that the last thing you and your family need on your mind during this uncertain time is worrying about unpaid bills and annoying debt collectors who keep reminding you that they can pursue foreclosure on your home if you fail to pay what you owe. If you are facing the threat of foreclosure, then please get in touch with our legal professionals to find out what our firm can do to help you to prevent your house from being seized.
Call 951-784-1678 today to request a case consultation with one of our Riverside foreclosures lawyers.
What Is a Notice of Default?
A mortgage company can seize your property even if you are behind on a few payments. Lenders must first file a public notice with the court called a “notice of default.” This is usually the final action lenders take before activating the lien and seizing the home for foreclosure. Not only will the mortgage company hold onto your house for a certain amount of time, but the lienholders will eventually sell off your home to pay the rest of the mortgage, leaving you and your family without shelter over your heads.
If you receive a notice of default, you need to do the following:
- Carefully review the information to ensure that everything stated in the notice is accurate
- Contact the lender to discuss if you have other options for paying off the balance
- Contact a knowledgeable foreclosure lawyer if you are struggling to repay the debt and want to explore possible foreclosure defense options
How Many Missed Payments Will Lead to a Foreclosure?
The number of missed mortgage payments that lead to a foreclosure can vary depending on the lender. On average, missing four payments can trigger the foreclosure process. Some lenders may be more lenient when it comes to missed payments and are willing to work with you, while other lenders can be stricter and begin foreclosure proceedings after just two payments.
If you have missed mortgage payments and are finding it difficult to keep up, contact our attorneys for more information. We can go over your options to fight back against foreclosure and save your home.
What Can I Do To Stop Foreclosure?
If you are in danger of foreclosure or currently facing foreclosure, you have several options to save your home:
- File for Chapter 13 bankruptcy, which allows you to repay your mortgage arrears over time.
- Request a Loan Modification with your lender, which allows you to modify terms of the loan such as the interest rate, monthly payment, etc.
The moment you receive a Notice of Default, take action immediately to help ensure you do not lose your home.
How Does Filing for Bankruptcy Stop the Foreclosure Process?
Filing for Chapter 13 bankruptcy is an effective option to stopping the foreclosure process. By applying for bankruptcy, you can receive an automatic stay that will instantly stop creditors from attempting to repossess your home. Under the terms of the automatic stay, creditors can’t harass you with phone calls, emails, and letters. They also can’t pursue litigation if you have been issued an automatic stay order.
During the extra time you receive with an automatic stay, you and your attorney can figure out a loan modification at a lower cost with your lender while allowing you to catch up with your missed payments through Chapter 13's monthly repayment plan.
Discuss Your Case with Our Riverside Foreclosure Defense Lawyers
Our compassionate legal team proudly uses our extensive resources and experience to help clients throughout the greater Riverside area fight for their rights when facing foreclosure. Our legal team at The Turoci Bankruptcy Firm is prepared to stand in your corner and work tirelessly to ensure that you are able to keep your home. Our Certified Business Bankruptcy Specialists proudly provide clients with the personalized attention they deserve, so please don’t hesitate to reach out today.
To learn more about our cost-effective services and bilingual availability, please call 951-784-1678 or contact us online today to request a free case consultation.
I definitely recommend Mr. Turoci, he made my bankruptcy process go smoothly and easily.- Tom B.
The Turoci firm was amazing.- Katie L.
I'm very happy with the service I received from the Turoci Bankruptcy Firm, and I would recommend them to anyone looking to file bankruptcy.- Jamie G.
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
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.