California Rates

Stop Foreclosure California - Stop Foreclosure Up To The Sale Date

Do you need to stop foreclosure in California?  Don't worry, you are not alone.  You do need to act extrememly fast if you want to be successful though.

There are a few ways to stop foreclosure.  The most popular involve using an attorney (which costs some money that you might not have) or using the produce the note option.

The produce the note defense is a very cost effective way to stop foreclosure in California and even other states as well.  It is NOT a permanent solution to foreclosure.  What is will do is stop your pending foreclosure and by enough time to work out a loan modification or get your lender to agree to a short sale so you do not have a foreclosure on your credit report for 7 years.

This is a fairly simple option.  You really just have to file some paperwork that asks your lender to produce the note on your home.  This verifies that you owe them the balance on your home.

Lenders are so backed up right now, it takes time to produce the note.  This can be a month or several months, it just depends.  What is good about this is that it almost always works.  If you have a foreclosure sale pending in 2 days you can still do it.

Then, you can decide what you want to do.  If you have an income coming in, but can't afford your current mortgage payments, you may qualify for the Obama Mortgage Plan.  This program will dramatically lower your monthly payments and if you qualify, your lender cannot foreclose on your home for 3 months.   This gives ample time to complete the loan modification (some lenders can do this in a few days with this program) and save your home.

If you would like information on how to stop foreclosure in California and want to see if you may qualify for the Obama mortgage plan, just visit the site below.  They have a free loan modification calculator that will tell you if you qualify.