|
||||||||
|
||||||||
|
 |
Foreclosure and Chapter 13One of the most important protections of chapter 13 bankruptcy law is the ability to keep your home as you work through your financial problems.
Filing Chapter 13 will stop foreclosure on your home, as well as stop collection activities by other creditors. It will also give you a chance to bring your home loan current over the next five years. Chapter 13 is the way many homeowners throughout Santa Clara County solve their financial problems and get a fresh start.
The California Foreclosure Timetable above applies to nonjudicial foreclosure proceedings and shows that there may still be time for you to save your home even if you have received a foreclosure notice. The law on which this timetable is based is set forth in the California Civil Code. Once your lender files a Notice of Default with the County Recorder, you receive a foreclosure notice. After three months, if the loan has not been brought completely current, a date is set for the sale of your home. Once a sale is scheduled there is still a series of required actions, taking nearly three weeks, that must take place before the sale occurs. But you shouldn't delay. Each case is different, and not everyone qualifies for chapter 13 protection. It makes sense for you to meet with an attorney to determine whether chapter 13 is the right solution for you. Learn more about Chapter 13. Schedule a free consultation. Find out about Ike Shulman's qualifications.. Back to Search Results |
 |
 |
 |
 |
