| What should I do if my property gets foreclosed upon? |
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| Frequently Asked Questions |
| Friday, 02 July 2010 10:41 |
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Our law firm goes to great lengths to extend auction dates on our client’s property so the lender has time to consider the short sale offer. However, lenders sometimes proceed with foreclosure despite our best efforts. Generally, we advise homeowners to initially stay in their home even if it has been foreclosed upon. The lender (if there were no bidders at the trustee’s sale) or the buyer will have to take further legal action against you to legally evict you from the property. This eviction process is called an “unlawful detainer” and can take several weeks. In some instances, it may even be possible to reverse the foreclosure if there was some error on the part of the foreclosing lender. If you are a client, the law firm will provide you with specific advice on what to do if a foreclosure occurs while you are occupying the property.
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"We have been informed that the escrow has closed and sale has recorded on our short sold home. We THANK YOU for your handling of the short sale negotiations and for the successful approvals. Without you it might not have been possible. Now it is time to move onto the next chapter in our lives and enjoy living to the fullest, enjoy the simple and thus most beautiful things in life. You have for sure made this ordeal so much easier. Fondly, NOTE: This testimonial or endorsement does not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter. |