Orange County Foreclosure Attorney 

We understand financial hardships can happen, which can lead to missed mortgage payments but do not risk everything you have built and the risk of foreclosure by ignoring statements from the bank. Learn what your options are by scheduling an appointment with a Foreclosure Attorney in Orange County.

Foreclosure Attorney in Orange County, California

If you are one of the many homeowners in Orange County, California, struggling to manage housing costs and loan repayments and are facing foreclosure on your Orange county home, you may need the help of an Orange county foreclosure defense attorney. Facing foreclosure and the possibility of losing your home can be incredibly stressful. Most homeowners are unaware of the legal options available to prevent them from losing their homes. At Guadan Law Group, we can help you deal with the banks and mortgage lenders, create a well-built defense, and help prevent your lender from pursuing further collections to save your home in Orange County, California.

How Foreclosure Works in Orange County, CA

In Orange County, foreclosures are not uncommon as California is one of the hottest real estate markets in the county. With government-mandated forbearance coming to an end, there are now over one million mortgages coming due across the nation, including those within Orange County, California. 

In Orange County, a lender may choose to foreclose on your home if you default on your home payments. After missing one or two payments, you will likely receive a notice in the mail from your lender. If you continue to miss payments, the lender may place a lien against your home. Oftentimes, the placement of a lien on your home is the first step taken towards foreclosure.

Depending on the exact details of your loan, the time period before your loan is considered to be “in default” varies. For most mortgages in Orange County, your loan will be considered in default when you are 90 days late on a payment or after 20 days of missing your 4th loan payment.

Lenders typically handle foreclosures through nonjudicial means for the vast majority of Orange County, California foreclosures. However, California does offer judicial foreclosures; these foreclosures are handled in court but are relatively uncommon. Generally, judicial foreclosures are more expensive and progress slower than nonjudicial foreclosures.

If you are struggling with navigating the legal system and handling your foreclosure, contact the foreclosure attorneys Gaudan Law Group. We may be able to help save your home and avoid foreclosure.

Stages of Foreclosure in Orange County

If you have missed your mortgage or loan payments for several months, your lender may decide to foreclose on your home. There are several reasons why someone may miss their loan payments. Reasons include:

  • Suffering a severe illness.
  • The loss of a job or family member.
  • Simply falling behind on their payments.

In most cases, when someone misses their first payment, there is a grace period in which your lender will send a reminder and potential late fee before any proceedings begin.

The foreclosure process will differ from state to state and from case to case. However, below is a general overview of most foreclosure processes.

Foreclosure Stages

Payment default: The first step in foreclosure is a missed payment. The lender will typically send a missed payment notice. After the second missed payment, your lender will send a demand letter.

Notice of Default: Your lender will send you a notice after 90 days of missed payments. At this point, your loan would officially be in default. This notice is an official legal document informing you, the borrower, that you are in a state of default on your loan.

The borrower will typically be given more time to settle payments with the lender before progressing to the next stage of foreclosure. If the borrower cannot pay all of the payments, interest, and fees within this period, the home will continue to default.

Notice of Trustee’s Sale: After receiving the notice of default, you typically have 90 days to complete your outstanding loan payments before the lender can set a date for the auction of your home. You will receive a notice that this happened through a notice of trustee sale.

Trustee’s Sale / Auction: 20 days after receiving the notice of trustee sale, the lender may set the auction date for your home. The property will then be listed in a public auction and awarded to the highest bidder. The new owner is entitled to immediate possession of the property.

Eviction: Borrower may continue to reside within the home until the home has been auctioned. After the Orange county home is sold, an eviction notice will be sent.

Common Foreclosure Defenses

If you are a homeowner in Orange County, California, and are facing foreclosure on your home, there are several legal options available to you to avoid losing your home to your lender. Most homeowners are unaware of the legal options available to address and prevent foreclosure in Orange County. At Guadan Law Group, we defend those facing foreclosure and can provide alternatives to foreclosure that will allow you to keep your home.

Common Orange County, California foreclosure defenses:

  • Mistakes were made on behalf of the lender
  • The lender or bank does not own the promissory note
  • The homeowner is an active duty service member
  • California state procedures were not followed

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How Guadan Law Helps Those Facing Foreclosure

Our Orange county foreclosure attorneys at Guadan Law Group can provide legal representation and advice if you are struggling to make your loan repayments or are dealing with an aggressive lender. We also can provide alternatives to foreclosure that may allow you to keep your home and avoid foreclosure.

Your Orange County foreclosure lawyer at Guadan Law Group can help you with:

  • Mortgage litigation
  • Short sale negotiation
  • Loan modification
  • Chapter 7 bankruptcy
  • Deed in lieu
  • Loan Refinancing