Avoid Losing Your Home
As a general rule, no one wants to go through a home foreclosure or short sale. People want to keep their homes. If you are buried in debt and facing the possibility of home foreclosure or short sale, you need a debt-relief legal team that is experience and focused on your legal needs.
Our Sobti Law group attorneys have experience with all of the downfalls of foreclosures. We can advise you as to your legal rights and options, as well as the probable outcomes of the different decisions that you might make. Our attorneys can help you find the debt-relief solutions that are best for you in Palm Springs, San Bernardino, Orange, Corona and Beaumont, California.
There are some obvious downfalls that everyone facing a possible foreclosure should consider:
- Losing your home: Everyone knows the importance of a home, both practically and personally. Almost no one wants to lose a home.
- Damage to your credit: Like bankruptcy, foreclosure has a severely negative initial impact on your credit score, which is the number that potential lenders look at to determine whether to give someone credit.
- Personal embarrassment: There is a social stigma attached to having a home foreclosed upon.
- Possible future lawsuit for a deficiency balance: The difference between the selling price in the foreclosure or short sale proceeding and the amount still owed on the home is called a deficiency balance, and in many cases, lenders can sue borrowers for this money even years after the foreclosure or short sale.
Our attorneys can help you avoid these negative consequences and help you find lasting debt-relief solutions.
Free Consultations With an Experienced Attorney ∙ Get the Answers You Need
Whether you are struggling with your payments and facing a possible foreclosure, or you have received notice of a lawsuit for the deficiency on a home that has already been foreclosed upon, contact us. One of our lawyers will sit down with you, analyze your situation and advise you about your legal options.
