Oakland Foreclosure Attorney
Save Your Family's Home From Foreclosure - Call 510-270-2782
One of the most worrisome problems of debt is the possibility of foreclosure.
Your home is your refuge, your sanctuary, and an investment that you made
in your future. When you are at risk of losing your home, you need to
contact Kostopoulos Law Group -
The Bankruptcy Law Firm.
Our team stands ready to provide you with immediate legal counsel and trusted
relief for your financial complications. We understand that facing foreclosure
can be a difficult thing and we want to provide you with the tools necessary
to protect yourself and your home. If foreclosure is in your future, do
not hesitate to contact an Oakland bankruptcy lawyer from Kostopoulos
Law Group - The Bankruptcy Law Firm right away.
When Does the Foreclosure Process Begin?
If you have been late on multiple mortgage payments, your lender may begin
to start the foreclosure process. Foreclosure is when the lender takes
the property and sells it at auction in order to obtain payment for the
remainder of the loan. This process does not happen after the first missed
payment, but it can creep on you quicker than you expected.
How Does Bankruptcy Stop Foreclosure?
One of the best ways to ensure that you can protect yourself and your home
is to work with an attorney and potentially file for bankruptcy. Regardless
of whether you file for
Chapter 7 or
Chapter 13 bankruptcy, you can immediately cease foreclosure actions. When you file for
bankruptcy, an automatic stay will be placed onto your account, and even if you have
already received an eviction notice, you can remain in your home.
Ways that you can use bankruptcy to protect your home:
- If foreclosure has already begun - While a lender can potentially resume
the foreclosure process with a motion to lift the stay, bankruptcy can
provide you with much-needed time to gain control of your finances.
- If foreclosure has not yet taken place - Filing for bankruptcy can help
postpone the sale of your home. Depending on which chapter of bankruptcy
you file under, the specifics of your foreclosure case may vary, which
is why it is always important that you speak with an attorney about your
Foreclosure Defense Options
There are many options available for homeowners are are facing foreclosure,
Loan modification, which can include changing the terms of your loan. We can negotiate reducing
your interest rate, reducing the loan's principal, eliminating late fees/penalties,
or other options to reduce your overall debt that you owe.
- Refinancing, which involves forgiving a portion of your debt and refinancing
the rest into a new loan.
- Deed in lieu of foreclosure. This gives ownership of your property to the
lender, in exchange for being relieved of your debt.
Our team can review your unique circumstance and discuss which options
are the most suitable for you.
Bankruptcy in California
At our firm, we have helped more than 8,000 individuals file for bankruptcy
in our years of practice. Our team has an in-depth understanding of the
laws and regulations regarding bankruptcy and we can provide you with
customized representation for your case. If you have been served an eviction
notice or you know that you may be soon facing foreclosure, we encourage
you to immediately retain our services. Working with an experienced Oakland
foreclosure lawyer from Kostopoulos Law Group - The Bankruptcy Firm can
help make all the difference in the outcome of your case.
Looking for a lawyer to fight foreclosure in Northern California? You need
to work with the best foreclosure attorney in Oakland.
Contact our team today and tell us your story. We look forward to helping you - 510-270-2782.