Legal Question in Real Estate Law in California

stopping foreclosure

There are a lot of variables involved in a foreclosure situtation, e.g. 1) judicial foreclosure? 2) private foreclosure by the trustee under the power of sale in a trust deed? 3) has the lender recorded a Notice of Default and Intent to Foreclose, or has the 90 day period for the NOD expired such that Notice of Sale has been posted?

Bearing those, and other issues in mind, i canoffer 3 quick options:

1) Pay the balance due - sure fire way to stopforeclosure based on default in payment.2) File bankruptcy - this will not fully stopthe foreclosure but may buy some time;3) Negotiate with the lender, i.e., some typeof workout, or a short sale.

Hope this helps. The foregoing represents abrief reply to a brief question. The foregoingdoes not consitute a legal opinion on whichyou should rely. Rather, the information isoffered as an accomodation only. You shouldcontact counsel knowledgeable in this area, assoon as possible.

Finally, my provision of this information shouldnot be construed to, and does not create anattorney-client relationship between myself andthe individual asking the question to which Irespond. Again, contact knowledgeable counselin your local area.

My best wishes,

TW Newton