In California foreclosure cases, your property may be sold rather quickly at a foreclosure auction by a court appointed trustee. To make matters worse, you may be facing eviction proceedings after the sale. This swift process can be devastating. The best way to avoid this problem is to be proactive in dealing with the bank early on in the process. Do not ignore those default letters!
Here at Haynes & de Paz, P.A., we have a dedicated team ready and willing to spearhead the resolution process. Our team has a proven system of resolving these cases through loss mitigation alternatives that keep you in your home! Contact us today to discuss these options at the first sign of trouble. We can help even before you miss a payment.
On the other hand, if you have already lost your home, there is still hope to salvage some of the equity you have built up over time by paying down your mortgage. This can occur in the case of a foreclosure surplus.
According to California foreclosure law, a surplus of funds after the sale goes back to the original owner. A surplus occurs when the property sells for more than what is owed to the bank. This surplus of money is your equity! Be sure to claim it the right way. There is a detailed step-by-step process that must be followed correctly to collect your money in California foreclosure surplus cases. As a licensed California foreclosure lawyer, I am here to help. We offer free consultations, and we charge you nothing unless we are able to collect for you.
If you are contacted by a California foreclosure trustee after the sale, you must act quickly. There are a couple of alternative scenarios, but all require you to take some action to collect your surplus funds. We can help anywhere in the state of California. If you have a claim for foreclosure surplus funds in California, call toll free today at 888.252.8754. Se habla Espanol.