Legal Question in Real Estate Law in California

Facing foreclosing

Hello, what a way to start 2005.... according to my lender i am 3 months behind in payment Nov,Dec,and now Jan 2005 i made a partial payment of $750.00 in Dec ( my payment's are $1527.00 month ) last year i filed chpt 7 and was able to keep the house even thought i was about 2 month behind (their BK people from my lender allow me to make the payments up) anyway i called to make arrangement because a few weeks ago i receive '' intent to foreclse'' letter and that i need to talk to the BK dept. ( the same guy i delt with on the BK he is out for the week) I dont want to lose my house and i know i can make up the pass due amount in 30 days or real soon after. I have a large amount of equity (owe 180k and home valve for 350 to 400k i have bad crdit so i cant refinance till april 2005 prepenilty)do you think they will work with me? and if not can i sell this property and pay the 1st and only morgage off and use the proceed to purchance other? i dont want to lose this home nor do i want to sell this home at this time..... Help what to do? Thank you


Asked on 1/04/05, 8:46 pm

1 Answer from Attorneys
Lyle Johnson Bedi and Johnson Attorneys at Law

Re: Facing foreclosing

You should consult with an attorney immediately. You may have several options. This can be determined only by discussing the facts, and reviewing documents. This is too important for you to attempt to get solve the problem by consulting on the internet. Answers provided herein are at best cursory, and are based soley on the information contained in the question.

Read more
Answered on 1/07/05, 12:36 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in California