Lancaster Foreclosure Defense Attorneys

Foreclosure Protection in Southern California

Perhaps the most frightening aspect of falling far behind on debts and necessary payments is the possibility of losing your home to foreclosure. At Wadhwani & Shanfeld, our Lancaster foreclosure attorneys are adamant about doing everything in our power to help our clients protect and keep their homes due to overwhelming debt or a pending bankruptcy filing. Everyone’s bankruptcy case is different from the next and so will be the options available to prevent foreclosure. To learn about what you can do, you will need to speak with our team first.

On This Page:

• Chapter 13 Bankruptcy & Foreclosure in California
• Put 65+ Years of Bankruptcy Law Experience On Your Side

Call (800) 996-9932to get a free and personalized case review.

Saving your home from foreclosure should be a priority. In order to take quick and effective action, you may be able to utilize a Chapter 13 bankruptcy filing. When most people think of bankruptcy, they imagine losing all of their possessions to completely discharge all debts. A Chapter 13 bankruptcy acts much differently in that it reduces and reorganizes debts and missing payments in a way that jeopardizes far less personal property, including your house.

Chapter 13 bankruptcy protects your home by:

• Creating an automatic stay that pauses all foreclosure sales until further notice.
• Potentially erasing second mortgages by turning it into unsecured debt.

California’s current caps – circa April 2016 – are $394,725 in unsecured debt and $1,184,200 in secured debt. If your debt has not reached above either of these limits, then a Chapter 13 bankruptcy filing might be the first option to consider to prevent foreclosure. Keep in mind that Chapter 13 can also minimize other types of debt and make them easier to pay off, increasing the chances of you avoiding mortgage debt in the future with careful planning and steady income.

Our bankruptcy attorneys in Lancaster know how much is on the line when you are facing foreclosure. Your home is not just where you hang your hat, it is your sense of security and peace of mind. Let us be the team that helps you through this trying time by reviewing Chapter 13 bankruptcy. If you do not qualify for Chapter 13, there may be other legal solutions to stop foreclosure. You just have to contact our law firm to find out.

Would you like to know more? Dial 800-996-9932 at your first opportunity.