AppId is over the quota
WOODLAND HILLS, CA, April 29, 2012 /24-7PressRelease/ -- Many homeowners might see a foreclosure notice as the proverbial end of the road. The truth is that even with that first notice, there are still options that can be generated which might forestall these types of proceedings. Attorney Rob Nichols has devoted his legal career to understanding all aspects of California foreclosure laws. As such, he is in one of the strongest positions in the state to offer counsel with regard to the various foreclosure options available to home and business owners alike.
As attorney Rob Nichols will explain during the first consultation phone call, for a lender to initiate foreclosure proceedings in the state of California, they must first file a request with the County Recorder. This document is referred to as a notice of default or NOD and must be officially served on the homeowner. From the moment that homeowner is in receipt of a notice of default, they have 90 days to rectify the situation. This might mean bringing missed payments up to date or coming up with other arrangements. Attorney Rob Nichols can walk a homeowner through each one of the possible options that can occur in that 90 day period. The goal is to act fast by retaining proper legal counsel.
If those 90 days have passed and no arrangements have been made, then the house will be taken back by the mortgage lender. When that occurs, it can either be sold at auction or through traditional real estate selling methods. Before that happens, one option might be that the original owner would be able to file for bankruptcy protection. Depending on the circumstances, that protection could allow them to stay in their home while they are repaying their debts. Only with the proper type of legal advice can a homeowner explore all of their choices. In some extreme cases, foreclosure might be the most viable choice, since it can allow that homeowner to begin rebuilding their financial security for the future. Attorney Rob Nichols can guide any homeowner through this process.
The Law Office of Rob R. Nichols is conveniently located in Woodland Hills, California. We are dedicated to providing you with the personal attention you need. You will be assisted at all times by a compassionate attorney who will answer your questions, not paralegals and secretaries.
---
Press release service and press release distribution provided by http://www.24-7pressrelease.com
# # #
attorney, bankruptcy, encino, hills, hollywood, north, nuys, oaks, reseda, sherman, van, woodlandRead more Press Releases from Rob Nichols:
View the original article here
No comments:
Post a Comment