Have you gotten that dreaded foreclosure notice on your door in Piedmont? You’ve known for months that you’ve been struggling to pay your mortgage, but the notice was still a surprise. Now what do you do?
Our foreclosure lawyers are here to talk about what you need to do the moment that you find that foreclosure notice. Let’s learn more so you can save your home.
When you get a foreclosure notice, the timer starts. You need to respond quickly if you want the best possible chance of keeping your home and avoiding further legal trouble.
The first thing that you should do is contact your lender.
Make sure that you have the notice with you when you call your lender. The first step to take is to verify that the notice wasn’t sent in error. It’s possible that there was a mix-up, and if that’s the case, your problem ends here.
If the foreclosure notice was legitimate, you’re going to have to have a more serious conversation.
Keep in mind that your lender doesn’t want to deal with foreclosure. It’s a last-ditch effort on their part, so you can still stop it. You might be able to work out a payment plan based on your situation.
Many lenders, especially right now while the COVID-19 pandemic is still a problem, are more likely to be sympathetic if you’re experiencing hardship.
Make sure to keep a paper trail when you’re communicating with your lender.
If hardship is the reason that you’re not making your payments on time, you need to assemble proof of this hardship to give to your lender.
Within the letter, explain your situation. Remember that this is a professional letter that involves a financial agreement between yourself and your lender, so while this is an emotional topic, it needs to stay business-appropriate.
Have you lost your job in Piedmont? Was there a family or health emergency? What about a death in the family?
Regardless of what struggles caused you to miss your payments, this is the time to talk about them. You’re also going to want to gather documents that can support your claim. Prove that your responsibilities or costs have changed, or that your income has plummeted (or both).
Your lender may agree to forgive some of your loans or change your monthly payments so you’re able to keep up.
Getting a property foreclosure notice is stressful. If you’re not sure where to turn or what to do, consider seeking legal help. A good California foreclosure lawyer can help you get back on track and stop your foreclosure from happening.
Even if you feel as though you don’t have adequate hardship to convince your lender that you deserve another chance, or if you’re struggling to prove it, a lawyer will advocate for you.
You don’t have to navigate the situation alone.
Getting a foreclosure notice is scary, but if you take the right steps, you might be able to save your Piedmont home. Remember, your lenders don’t want to go through the foreclosure process.
If you’re experiencing the beginnings of foreclosure, we want to help you. Contact us for a free phone consultation so we can start working together today.