Fremont Foreclosures Lawyer
Finding Solutions for Clients Facing Foreclosure
Though the state of the real estate market in California, and throughout the country, is improving, families are still facing the threat of foreclosure on a daily basis. When dealing with the threat of foreclosure, having a knowledgeable attorney on your side can help you understand your rights and determine the best way in which to handle your situation.
If you are facing foreclosure and wish to discuss your options, get in touch with us today. Call our office at 510-279-4610 or contact us online to schedule a consultation with a Fremont foreclosures attorney.
At King, Snell, Mildwurm & Fox, we pride ourselves on the client-focused representation we have provided for over 80 years. Our firm understands the unique questions and concerns that clients have when being faced with the threat of foreclosure. We can become involved at any stage of the process, but the sooner, the better. The sooner we can become involved, the sooner we can put a stop to the foreclosure or arrange a way in which to avoid the home foreclosure. Some of the ways that we may be able to avoid foreclosure are listed below.
Milipitas Short Sale Attorney
When a lender or bank agrees to discount a loan balance due to a borrower's economic hardship, a short sale may be completed. Lenders often allow this when it will result in a smaller financial loss than a foreclosure. This may not allow you to keep your home, but will prevent you from incurring more debt and credit problems that a home foreclosure may cause. We can also explain the similar process of a sheriff's sale.
Deed in Lieu of Foreclosure
A certificate that states that a borrower conveys all interest in the property in question to the lender in order to satisfy the defaulted loan is called a deed in lieu of foreclosure. Once the deed is signed, it does exactly what it sounds like: foreclosure is avoided. However, the borrower may not keep the home. A deed in lieu of foreclosure can be advantageous to the borrower since the certificate releases the borrower from most or all of the debt that is associated with the loan.
These options may not allow a homeowner to keep his or her home, but will help avoid the foreclosure and mark on his or her credit report. Get in touch with our firm today to further discuss how foreclosure issues can be handled.
An *AV-Rated Law Firm
Serving Clients in Fremont and the East Bay Area Since 1927
To schedule an initial consultation — call our Fremont, California, law offices directly at 510-279-4610 or contact us online. A Fremont foreclosure and Milpitas short sale lawyer at our office can help you understand how a foreclosure may affect your future.
*CV, BV and AV are registered certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the Bar and the Judiciary. Martindale-Hubbell Ratings fall into two categories — legal ability and general ethical standards.