California Home Foreclosure Prevention Package

State:
Multi-State
Control #:
US-P111-PKG
Format:
Word; 
Rich Text
Instant download

Description

This package provides many different tools for a homeowner to prevent foreclosure of a home. The forms cover various means to obtain assistance at all stages of the foreclosure process. Purchase of this package is a savings of 63% over purchase of the forms individually! Included in this package are the following forms:



1. Letter to Lender for Produce the Note Request


2. Offer by Borrower of Deed in Lieu of Foreclosure


3. Motion to Dismiss Foreclosure Action and Notice of Motion


4. Petition or Complaint to Enjoin Nonjudicial Foreclosure Sale and for Declaratory Relief


5. Petition to Enjoin Foreclosure Sale and Seeking Ascertainment of Amount Owed on Note and Deed of Trust


6. Qualified Written RESPA Request to Dispute or Validate Debt


7. Request to Lender or Loan Servicer for Loan Modification Due to Financial Hardship - Requesting Change to Fixed Rate of Interest of Adjustable Rate


8. Hardship Letter to Mortgagor or Lender to Prevent Foreclosure


9. Sample Letter for Short Sale Request to Lender


10. MHA Request for Short Sale


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FAQ

The fastest way to avoid foreclosure is to reinstate your loan, by paying the amount provided on the reinstatement quote. The reinstatement quote can be obtained from the lender, along with a good through date. If you cannot pay your mortgage, or can only pay a portion, contact your servicer.

Delaying foreclosure or stopping it by fighting foreclosure proceedings in court. #1 - Reinstating Your Mortgage. ... #2 - Negotiating a Workout. ... #3 - Refinancing Your Home. ... #4 - Arranging A Short Sale Of Your Property. ... #5 - Arranging a Deed in Lieu of Foreclosure (Giving Up the Property) ... #6 - Setting Up A reverse Mortgage.

This government program is free, and here to help. There is nothing to pay back. If you've struggled with missed mortgage payments, late property taxes, loan deferrals, partial claims, or other homeowner financial hardships, you may qualify for assistance from the California Mortgage Relief Program.

How long before they take my house? is the worried question put by a homeowner in California who can't make their mortgage payment. There are two answers, each equally true: California statutes tell us the minimum time for an unpaid lender to foreclose: about 4 months, from start to sale. In practice, it's far longer.

Here are a few of them. Reach out to the lender or loan servicer about a remedy as soon as possible. You may be able to reach an agreement on a payment plan, a temporary forbearance or a modification of the loan terms. ... Sell your home. ... File for bankruptcy. ... Agree to a deed in lieu of foreclosure.

California changed its law at the beginning of the 2023 to require that certain sellers of foreclosed properties containing one to four residential units only accept offers from eligible bidders during the first 30 days after a property is listed.

The Homeowner Bill of Rights has many protections including: The lender or company who manages the mortgage account (the servicer) must contact you (or at least try to) to discuss ways to avoid foreclosure before starting the process. The servicer must give you one person to contact during the foreclosure process.

The CFPA was created to address the problem of increasing foreclosures in California during the economic downturn. What does the CFPA do? It extends the foreclosure process by 90 days (except when a lender or mortgage loan servicer obtains an exemption with a state department.

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California Home Foreclosure Prevention Package