Pre-foreclosure is a legal issue a property is in during the early stages of being repossessed from the home owner. Reaching pre-foreclosure status
when the lender files a default notice on the property, which tells the property owner that the lender will pursue legal action toward foreclosure if the debt isn't paid before a certain date.
Foreclosure is what happens when a homeowner fails to pay the mortgage loan. More specifically, it's a legal process by which the owner gives up all rights to the property. If the owner can't pay off the outstanding debt, or sell the property in a short sale, the property then goes to foreclosure and auctioned off.
If you think your lender has violated your rights or committed a procedural error during the Pre-foreclosure process, you may be eligible to file a lawsuit stopping the foreclosure process while the matter is resolved. Stop Foreclosure L.A , our experienced and dedicated team is fully dedicated to providing you the highest quality service and ensuring your best interests are protected. Contact our office to discuss your case during a free consultation.
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