Los Angeles, CA; 22, May 2015: California has some of the best laws in the nation to protect borrowers from foreclosure and help save their home. The Home Owner Bill of Rights [SB900] offers very strong legal protection for homeowners, giving them a fighting chance against powerful lenders. However, it is crucial that homeowners in southern California contact a mortgage litigation attorney to successfully stop a foreclosure and save their home once the foreclosure process begins.
Under the current laws, dual tracking is now illegal in California; a lender cannot move forward with a foreclosure while offering to review an application for a modification. Dual tracking has been a common practice of mortgage lenders for decades, but the laws currently in place make the practice illegal in the state of California and other parts of the country. Dual Tracking is still common among mortgage lenders that are set up to move ahead with foreclosure while at the same time reviewing modification paperwork from a borrower. Borrowers may believe they are working towards a resolution with their lender by applying for a modification, but when lenders send a notice of default or a notice of trustee sale, borrowers become victims of Dual Tracking, and should talk to a foreclosure attorney immediately.
Signs of Dual Tracking or Mortgage Fraud
Typically, lenders request documentation for loan modifications to “prevent foreclosure”. Under the foreclosure laws in California, SB 900 requires a lender to stop the foreclosure process while a borrower is being reviewed for options to save the home and to help avoid foreclosure. If a borrower’s application for a modification has been submitted, and if that borrower receives a default notice or notice of a trustee sale, they should call a foreclosure attorney right away.
In many cases, promises of a reduced monthly payment or even the reduction of the principal balance are extended to the borrower, dissuading them from taking legal action against the lender. The first step in saving a home is recognizing that there is a problem. Any homeowner that receives a notice of foreclosure should contact a mortgage litigation attorney immediately.
Hiring an experienced mortgage fraud attorney in Los Angeles makes it possible for most borrowers to stop foreclosure throughout California. A mortgage lawyer with a strong track record can typically stop foreclosure by filing lawsuits against lenders or filing bankruptcy if that is a better option.
How Mortgage Attorneys Can Help
Understanding Dual Tracking and the signs that accompany it can be overwhelming, but once a borrower starts to receive foreclosure notices, the next logical step is to hire a mortgage litigation attorney. An experienced mortgage attorney will quickly assess a case, on the phone, for free in order to determine the strength of a case. In order to save a home, it is usually best to hire a foreclosure lawyer that will file a lawsuit on owner behalf and take legal action against the mortgage lender to stop the foreclosure.
Hire a Mortgage Attorney to Safeguard Against Fraud
Although homeowners are obligated to pay their mortgage, they also have legal rights that prevent them from being exploited by mortgage lenders. It is important to hire a mortgage lawyer dedicated to this area of law, who fully understands mortgage lending laws and how to appropriately move forward with litigation. Borrowers facing foreclosure in California should hire the best mortgage fraud attorney in Los Angeles to save their home.
Consumer Action Law Group pursues litigation against lenders. Their team of mortgage attorneys helps borrowers to save their property and fight against fraudulent mortgage practices. Any borrower facing foreclosure should hire a mortgage attorney to stop foreclosure and seek the legal protection of California’s Home Owner Bill of Rights today.
About Consumer Action Law Group:
Consumer Action Law Group is a law firm dedicated to help consumers in consumer-related matters or consumers that experienced fraud and scam. Attorneys in the team are knowledgeable and experienced in the areas of eliminating debt, mortgages fraud, auto fraud, and foreclosures. They have direct experience in consumer fraud matters and helping consumers who are facing financial crisis, foreclosure, issues with employers, and problems with auto dealers.
For Media Contact:
Contact Person: Lauren Rode, Esq.
Telephone: (818) 254-8413
Email: [email protected]
Website: www.consumeractionlawgroup.com
