Our goal is to work with you to bring about the best results possible for you and your family.

The best plan is different for everyone, and we advise to ALWAYS have a backup plan. The ultimate decision on how best to proceed is up to you and your family.

You will hear all of the following mentioned during conversations about foreclosure.

• LOAN MODIFICATION: If you wish to keep your home, generally, this is the ideal solution if it can be achieved. However, lenders have make it difficult. While the situation is better in 2012 than it has been, loan servicers frequently lose your paperwork and say that you did not submit it.
• BANKRUPTCY: This can slow down foreclosure, but not permanently, and not without a new set of problems, including destroyed credit and difficulty in buying another home or renting.
• Chapter 13: Stops the action but means a plan for paying ALL bills, including your mortgage. This will require a monthly payment that you will have to meet;
• Chapter 7: Erases all debt, EXCEPT that your home lender can request a "Stay of Motion" to the court. If that is granted, you will still owe on your home and they can foreclose
• SUE: Do you have the money to battle and a knowledgeable/trustworthy attorney? A very few cases have been won because of the obvious illegal activities of some lenders. However, if you don't win, it could be expensive, you lose your home anyway and you have no money to move. Even if you do win, the attorney may get the bulk of the funds. We have not seen lawsuits of benefit in California to any homeowner.
• SHORT SALE and/or WALK AWAY: IF you can escape reasonably unharmed through a short-sale, you will be in a position to buy a home at today's lower rates in a reasonable amount of time. However, both options harm your credit no matter what anyone tells you and there are potential legal repercussions with regard to short sales; check with a reputable attorney regarding these potential issues. It seems that on a short-sale, your lender can demand payment for the difference between the amount of your loan and the sales price. If a real estate agent tries to talk you into this, please consider that real estate agents are sales people (and hungry ones at this time). They do not get paid unless they sell houses. They may not have your best interests at heart.