Foreclosure Attorney in San Jose
The current volatile economic climate has created a situation in which many homeowners are facing foreclosure. At the Law Offices of Jeffrey P. Widman, our California real estate lawyers are dedicated to providing information and guidance to individuals and families that are unable to pay their mortgages. Our founding attorney, Jeffrey P. Widman, can assist you in fully understanding your rights and options when foreclosure is looming. Below are some of the ways through which foreclosure may be avoided:
Deed in Lieu of Foreclosure
This type of document states that a borrower conveys all interest in their property to the lender in order to satisfy a defaulted loan. As a result, foreclosure is avoided. A deed in lieu of foreclosure can be advantageous to the borrower because the deed releases the borrower from most or all of the debt associated with the loan. The terms of the deed are often better than would have resulted from the foreclosure.
Short Sale
A short sale may be carried out when a lender or bank agrees to discount a loan balance due a borrower's economic hardship. Banks often allow this when it will result in a smaller financial loss than a foreclosure. Our firm has represented numerous individuals in short sale matters and can help advocate for a short sale in your case if your situation warrants this type of action. We can also help you understand how a sheriff's sale works and how it may affect you.
Negotiating with the Lender
We pride ourselves on being skilled negotiators. Utilizing these skills, we can help clients negotiate with their lenders to restructure loan terms and payments. Though this is not always possible, it is one avenue through which you may be able to keep your home.
- In attempting to stop foreclosure, we can also closely examine other aspects of the lender's background and interactions with you to see if there is any fraud or violation of truth-in-lending laws.
You have options for dealing with foreclosure issues. For more information, contact an attorney at the Law Offices of Jeffrey P. Widman today. We offer an initial consultation to discuss foreclosure prevention options at a discounter rate.
Law Offices of Jeffrey P. Widman
101 Race Street, Suite 100
San Jose, CA 95126-3041
Phone: (408) 288-6777
Fax: (408) 288-7668
E-mail