Sherman Oaks Foreclosure Attorneys
Learn How to Protect Your Home: 818-839-2487
Foreclosure is an intimidating part of failing to meet mortgage payments or falling behind on debts owed to banks and other financial institutions. As frightful as it may be, though, it is not unstoppable. Our Sherman Oaks foreclosure defense lawyers from Wadhwani & Shanfeld take pride in helping people understand their rights and options when facing a foreclosure. If you have found yourself in such a harrowing situation, please do not hesitate to contact us to find out how bankruptcy might be able to make a positive difference.
How Chapter 13 Bankruptcy Helps Fight Foreclosure
When a bank moves to foreclose on your home, it should not be expected that it will make any unnecessary delays. It will try to complete the foreclosure as soon as possible to save its own bottom line. You have to act with the same sense of urgency.
With the help of our Sherman Oaks bankruptcy attorneys, you can readily file for Chapter 13 bankruptcy. As soon as your filing is made official – not when your bankruptcy case ends at a later date – an automatic stay will be placed on your accounts and property, which prevents foreclosure sales until the stay is lifted. Chapter 13 bankruptcy can also mitigate debts and change second or third mortgages into unsecured debt, which can be reduced or eliminated.
There are caps on debt amounts permitted for Chapter 13 bankruptcy filers:
- Secured debt: $1,184,200
- Unsecured debt: $394,725
If your debt surpasses either of these limits, then you will most likely be unable to file for Chapter 13 bankruptcy. This does not mean that you have no options. There is often some useful alternative that can be found if you work with a Sherman Oaks foreclosure defense attorney from our law firm.
How a Foreclosure Lawyer Can Help You
When you have missed mortgage payments or have received a Notice of Default by your lender, it is important that you take action to find ways to protect your home. A foreclosure attorney can advocate for you and help guide you through the process.
Here is how an attorney can help you with foreclosures:
- Review your options - We can review your situation and provide you with options, such as filing for bankruptcy.
- Negotiate with lenders - We can negotiate on your behalf to reach a resolution that may be favorable for you.
- Help you with loan modification - Our team can assist you with the modification process by pursuing a lower interest rate or better terms. We can also help review documents to ensure there are no illegal charges.
- Protect you from creditor harassment - If you are facing illegal harassment from your lender, we can help you hold them responsible.
We Bring Decades of Experience to Each Case We Handle
Your livelihood and sense of stability are hanging in the balance when a bank attempts to foreclosure your property due to missing payments or mortgage debt. You will find that our Sherman Oaks bankruptcy attorneys work diligently to protect your home and get your case up and running as soon as possible. We genuinely want you to enjoy a comfortable tomorrow by fighting foreclosure, not for our own reputation but for you and your family.
Begin your case today by calling 818-839-2487.
Invaluable Bankruptcy Insight
Attorneys Raj Wadhwani and Greg Shanfeld are Board-Certified Bankruptcy Specialists who leverage their insight on behalf of clients.
Our legal team does all of the work for you, including filing paperwork, keeping track of deadlines, and providing protection from creditors.
Experience Where it Counts
Our attorneys have over 65 years of collective experience helping clients in a broad range of bankruptcy and debt settlement cases.
A Prolific Record of Success
Our firm has successfully helped more than 20,000 people put the pieces of their lives back together after a bankruptcy.