Foreclosure worries

Foreclosure Reinstatement - Serving California

Lately, you and your family have been trying to recover from the Covid-19 pandemic. You’re having a difficult time paying your bills and you’ve fallen behind on your mortgage payments. Now you’re behind several months and your lender has issued a Notice of Default (NOD) and within 90 days your lender will issue a Notice of Sale (NOS). Foreclosure seems inevitable and it’s keeping you awake at night. You have rights and Saunders & Associates has the solution for you to save your memories, equity and to save your home. You may be able to stop the non-judicial foreclosure by reinstating your mortgage. Avoiding foreclosure without an attorney is a very complicated task. Your lender has a team of attorneys representing them. Why not you? Saunders & Associates, APC can be your guiding light. We have been vigorously representing clients since 1989. You have rights. At Saunders & Associates, you get an experienced legal team and support staff who will know your case, the law, best practices, courses of action, and yes, you as a person in need of guidance, direction, and experienced legal representation.

Facing Foreclosure . . . See What Saunders & Associates Can Do For You! 

Call Us 949-844-8445

What is the Foreclosure Reinstatement Period in California?

When a homeowner misses multiple mortgage payments, he or she is eventually given notification from the bank that their house is in default, along with the demand that the entire mortgage balance be paid immediately, or else the foreclosure will proceed. This creates a stressful situation since struggling homeowners typically do not have the finances to be able to cover such a significant cost. In the worst case scenario, the homeowner feels he or she is powerless and can only watch the house go into foreclosure and either auctioned off or sold.

However, for a period of about three months after the notification of default has been received, reinstatement remains an option. During this time, the homeowner may work out a way to prevent foreclosure and have the bank cancel foreclosure proceedings.

How Do I Reinstate My Mortgage?

First, you should consult with an attorney who is knowledgeable about foreclosure procedures and policy. Together, you may speak with your lender and negotiate a peaceful resolution that is beneficial to the both of you. You will find that your lender is more than willing to work out a deal since eviction means no payments at all.

See if you can modify your loan to better fit the budget you’re working with. Also, it does not hurt to ask for a lower interest rate and a lower payment. Just show that you’re serious about sticking to some kind of payment plan, and chances are the lender will accommodate your needs. Your attorney can help you reach an optimal deal so you don’t have to worry about foreclosure again.

Helping California Homeowners Save Their Homes

We guide our clients through difficult issues, bringing our insight and judgment to each situation. Our innovative approaches create original solutions to our clients’ most complex transactions and disputes. 

Call Us today at 949-844-8445 to evaluate your case.

You have rights. At Saunders & Associates, you get an experienced legal team and support staff who will know your case, the law, best practices, courses of action, and yes, you as a person in need of guidance, direction, and experienced legal representation.

If you are wondering what makes Saunders & Associates different. The answer is YOU. Saunders & Associates is an excellent partner and guiding light for you, your business and legal needs. 

If You’re Facing Foreclosure . . . See What Saunders & Associates Can Do For You

Call Us Today 949-844-8445