San Bernardino Foreclosure

For a country that values home ownership as part of the American Dream, foreclosure is quite naturally one of the most heart wrenching things that can occur. The loss of the home that you’ve worked hard to obtain is probably unthinkable, but if you are behind on your mortgage payments as many individuals are in this economy, foreclosure is a very definite possibility. Fortunately, filing for San Bernardino Chapter 13 bankruptcy may be able to preserve your piece of the American Dream, allowing you to stay in your home, make up the lost payments, and get financing options that are reasonable, fair, and affordable.

If you have missed one or more payments on your San Bernardino County home, you will likely receive a Notice of Default from the bank. California has nonjudicial bankruptcy process, meaning that your lender will not have to take you to court in order to take back the property. This means that if you want to fight your foreclosure in court, you will have to initiate the hearing yourself. If there are valid reasons and defenses that you have for not paying your mortgage, you may be able to stall the foreclosure process until the bank has addressed those issues. Unfortunately, in most instances, the bank will continue to pursue the foreclosure once the issues have been resolved.

Preventing San Bernardino County Foreclosure – Chapter 13 Bankruptcy

Filing for San Bernardino Chapter 13 bankruptcy will invoke an automatic stay which will prevent any foreclosure proceedings from moving forward without the permission of the court. This will allow you to stay in your home as you work out a reasonable repayment plan. Filing for San Bernardino Chapter 13 has the added advantage of allowing you to make up any past payments over a 3-5 year period. Even if you are several months behind, having an extended period of time in which to make up the arrears can mean the difference between losing your home and retaining your home ownership.

If you do decide to file for Chapter 13 bankruptcy in San Bernardino County, you will need to have the legal representation only a skilled, experienced San Bernardino County Bankruptcy Attorney can provide. Our firm has given support and representation to clients from all over the county, including help with mortgages and foreclosures during a San Bernardino Chapter 13 bankruptcy. Foreclosure is stressful. You need the peace of mind that comes with knowing your case is being handled by a professional. Contact our offices today and arrange for your free initial San Bernardino Bankruptcy case evaluation. Our team of dedicated San Bernardino County Bankruptcy Attorneys will work with you, and we will do everything possible to keep you in your home and stop all foreclosure proceedings in their tracks.