Foreclosure

Southern California Bankruptcy Attorney

If you are facing a mortgage foreclosure in Corona, the Inland Empire, Orange County, or West Los Angles, you may be able to protect your home through bankruptcy. If you have fallen behind on your mortgage payments or if reset mortgage payments have made your home unaffordable, it is important that you consult with a Southern California bankruptcy lawyer at Fransen & Molinaro to understand your bankruptcy options and alternatives in regards to your home. The bankruptcy attorneys at F&M have decades of experience and an in-depth understanding of the bankruptcy laws with which to help you.

If you want to keep your home, you can cure mortgage payment defaults through a Chapter 13 bankruptcy. This type of bankruptcy creates a repayment plan approved by the court which can bring your mortgage up to date over an extended time period.

If you decide to surrender your home to your bank or lending institution and you have junior liens beneath a senior mortgage, you can be sued by the junior mortgagor for the loan balance after a foreclosure by the holder of the senior loan. Filing for bankruptcy will allow you to discharge this obligation. In addition, in some cases you may face an unexpected tax debt following a foreclosure which can also be solved with a Chapter 7 bankruptcy. It is important, therefore, to consult with an experienced Southern California bankruptcy attorney at the firm in order to understand and plan for all of the pertinent consequences of a foreclosure. With the help of one of our attorneys, you can be advised of your options whether you plan to retain your home or not and move forward with an appropriate bankruptcy plan that will improve your resulting financial scene. Making the decision to keep or surrender your home is an important one and you will benefit from the capable advice and counsel of one of our seasoned bankruptcy attorneys.

Contact a Southern California Bankruptcy Lawyer at the firm if you are facing a foreclosure on your home in the Southern California region today.