Time is of the essence. Contact us as soon as possible to find out how the experienced attorneys at JT Legal Group can halt your foreclosure, postpone your sale date, or prevent a trustee sale entirely. Our team will contact you shortly to discover more about your case and provide a Free 15-Minute Consultation with a Los Angeles foreclosure defense attorney today.
When facing foreclosure, there are two types of procedure that are either non-judicial or judicial; they are generally non-judicial. When given a foreclosure notice, your home is set on a specific time frame until foreclosure occurs. If you are not aware of your rights within this time period, you need to talk with a Los Angeles foreclosure attorney. Foreclosure in California is can be non-judicial. This means that it does not require a court action.
If you speak with JT Legal Group, you will gain, at the least, an understanding of how foreclosure works and that bankruptcy is not your only option at avoiding foreclosure.
On 2013, California passed the Homeowner Bill Rights. Some amendments were made to the Civil Code to protect homeowners during the foreclosure. Prior to 2013, roughly 1 million homes underwent foreclosure. Most homeowners did not have sufficient time to mitigate the chances of losing their homes to foreclosure. This increased mortgage misconduct and the California's Homeowner Bill of Rights into effect during the start of 2012.
Some of the protections afforded to homeowners now include a meaningful opportunity to obtain work out options. Talk with a JT Legal Group foreclosure lawyer.
As of October 2015, the foreclosure rate for the City of Los Angeles is approximately 1,667 foreclosures per year. The top 5 zip codes in Los Angeles that experience the highest foreclosure rates are:
Michael Avanesian specializes in the field of corporate restructuring and litigation. Mr. Avanesian has a wide range of experience in Chapter 11 bankruptcy cases and has represented corporate and individual debtors, secured creditors, unsecured creditors, lessors, lessees, trustees and other interested parties in bankruptcy cases and related litigation.
In general terms, fewer than 1% of lawsuits ever actually see a trial. In most cases, lawsuits are settled when the parties can agree to reach a resolution that is mutually satisfactory. Parties are free to settle a lawsuit at any time, and between any of the steps previously listed. In many cases, settlements can be reached even before a preliminary injunction hearing is held.