California Debt Relief Lawyers
Attorneys practicing in Debt Relief Debt Relief Case Evaluation Contact the law offices of New Horizon & Associates LLP
Debt Relief Practice Areas
Foreclosure Defense
Short Sale Deed in Lieu
Loan Modification
Bankruptcy
Chapter 13
Chapter 7
Loan Audits
Foreclosure Loans

Loan Foreclosure Attorney

Serving Ventura, San Bernardino and Los Angeles

Are you facing foreclosure in Los Angeles, San Bernardino or Ventura? If so, we at the Law Offices of John Ribarich may be able to help. By contacting an attorney at our law firm, you can get information about your options in stopping foreclosure and saving your home. With this in mind, we have included some valuable information regarding California laws concerning foreclosure and loan modification.

On February 20 th, Governor Arnold Schwarzenegger signed a bill that placed a 90-day delay on certain foreclosures of California homes that were purchased between January 1 st, 2003 and January 1 st, 2008. The bill goes into effect in late May and will offer eligible homeowners the invaluable benefit of some breathing room in regard to their impending foreclosure.

Additionally, a new law was passed in California that offers qualifying homeowners currently in default on their loans this benefit: their lenders are required to discuss loan modification with them. Unfortunately, many homeowners throughout the state have tried unsuccessfully to talk to their lenders about their options concerning loan modifications, only to be brushed aside with no resolution in view. This new law may mean that your lender will be required by law to consider your loan modification.

Consult a Southern California Foreclosure Lawyer

Our law firm is committed to helping homeowners throughout Ventura, Los Angeles and San Bernardino turn their lives around by offering knowledgeable and aggressive foreclosure defense. We have the know-how and the resources to assist homeowners in discussing loan modifications with their lenders, or possibly exploring other options to avoid foreclosure, such as a short sale or deed in lieu of foreclosure. By taking the time to fully evaluate your particular financial situation and understand your personal goals both for now and in the future, a lawyer at our offices can help you make informed choices regarding the foreclosure of your home.

Contact a loan foreclosure attorney at our law firm today at 877-306-6343.





Click here to be connected to a professional debt relief attorney.
California Attorneys
Contact The Law Offices of John Ribarich
Site Map

Attorney Web Design The information on this website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.

Address: 15223 Burbank Blvd.    Sherman Oaks, CA 91411    Phone: (877) 306-6343

Further Disclaimer: By now, you may have made your own attempts at loan modification. You now know what we have known: Despite all the government and media hype, the voluntary loan modifications are not the silver bullet to the foreclosure crisis. Even after President Obama introduced the HAMP program, only about 8% of the anticipated 9 million loan modification applications have been considered. Never forget that lenders and loan servicers are in the business of making money for their shareholders, not solving people’s financial problems. Despite the incentives created by the government, loan servicers remain inconsistent, negligent, understaffed, arrogant and just plain indifferent to the financial plight of most folks. If you’ve ever wondered why the bank doesn’t seem to care? Consider that it is the investor, not loan servicer, takes the financial hit when a property is foreclosed. Loan servicers make more money when a borrower falls into foreclosure. Servicers have an incentive to drag out the foreclosure and loan modification process. Despite what the government and the lenders may say, the loan modification or short sale process is not as quick and easy as has been portrayed.

VIOLATIONS CAN GIVE YOU LEVERAGE to secure a “SETTLEMENT”, not a LOAN MODIFICATION.

Whether hiring a lawyer will increase your chances for success a little or a lot depends on whether the lender has done something wrong. This is why Attorney Ribarich encourages every client to commission an audit of the original loan documents, review the appraisal and take measure of any agency relationships between the broker, the lender, the appraiser, the escrow and the title companies. Anecdotally, Attorney Ribarich believes that your chances of success increase fourfold if there is litigation or bankruptcy. Hiring a lawyer to review your options and handle the process makes sense. Your chances of obtaining a substantial loan modification will be greatly improved if the lender has violated the law…but how will you ever know? A lawyer can help you gain negotiating leverage on your behalf by finding violations of the law or capitalizing on provisions of the bankruptcy code.