Anaheim Foreclosure Attorneys – Stop Foreclosure in Anaheim – Stop Foreclosure Fast
Anaheim Judicial Foreclosure
If your lender chooses to pursue a judicial foreclosure, it will have to get a Court order to approve the foreclosure. Generally, a judicial foreclosure is not used unless your loan documents do not contain a power of sale. Further, because the process take much longer the a non judicial foreclosure, it is rarely used.
Another aspect of an Orange County judicial foreclosure that bears mentioning is the deficiency judgment. Your lender can ONLY seek a deficiency judgment in a judicial foreclosure. A deficiency judgment is where the sale price does not cover the loans on the property. If you are the subject of a judicial foreclosure you must call experienced Anaheim foreclosure attorneys right away.
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At The Law Office Of Harold D. Thompson Our Experienced Anaheim Foreclosure Lawyers Can File Your Chapter 7 Or Chapter 13 Debt Relief Plan. Call Our Office Today At 888.665.8330 Or Email Us For A Free Case Evaluation.
Anaheim Non-Judicial Foreclosure
If a your original loan documents contain a power of sale, than your lender will most likely proceed against you with a non-judicial foreclosure. The power of sale is your agreement, when you sign the loan documents, that you will allow the lender to sell your property in the case of a default. As opposed to proceeding in court, you lender must provide a series of notices before being able to sell the property on the courthouse steps. You Anaheim foreclosure attorneys will outline the process more fully in addition to what we have provided below.
Orange County Power of Sale Foreclosure Guidelines
If your loan documents contain a power of sale your lender will have to follow very detailed notice procedures in order to begin an Orange County foreclosure.
First, the Orange County lender must provide you with a notice of default. This is to let you know that you are behind on your payments and the lender intends to take a default.
Second, if you fail to cure the default the Orange County lender then must provide you with a notice of sale. The notice of sale must be recording in Orange County fourteen days before the scheduled sale. It must be served on the borrow twenty days before the Orange County foreclosure sale date. You will have five days before the foreclosure in order to cure the default in order to stop the Orange County foreclosure.
Finally, if the Anaheim foreclosure proceeds, your lender cannot seek a deficiency again you and you have no right to buy the property back after the property is sold. If you are subject to a non-judicial foreclosure we advise you contact one of our foreclosure attorneys in Orange County right away!
As Anaheim foreclosure attorneys helping people with Chapter 7 & Chapter 13 debt relief we are proud to serve the following areas: Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, La Habra, La Palma, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, Lake Forest, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, Yorba Linda
If you need further information please visit our other websites at San Diego Bankruptcy Lawyers or San Diego Mold Lawyer Blog or My San Diego Bankruptcy.