Foreclosure Defense
Protect Borrowers, Resolve Delinquency.
The Legal Aid Society of San Bernardino takes pride in its efforts to protect mortgage borrowers from unscrupulous lenders, providing assistance in applying for homeowner assistance funds, facilitating loan modifications, conducting thorough analyses of clients’ mortgage histories, and collaborating closely with clients to address and resolve their delinquency issues.
How We Help
We offer Various services and strategies can help prevent foreclosure.
- Loan Modification: Negotiating with the lender to modify the terms of the existing mortgage, such as lowering interest rates, extending the loan term, or reducing the principal balance.
- Mortgage Refinancing: Reviewing alternative options
- Forbearance Plans: Temporarily reducing or suspending mortgage payments for a specified period, typically used during financial hardships, with the agreement to catch up on missed payments later.
- Repayment Plans: Creating a structured plan to repay missed mortgage payments over time while keeping up with current payments.
- Short Sales: Selling the property for less than the outstanding mortgage balance with the lender’s approval, allowing the borrower to avoid foreclosure.
- Deed in Lieu of Foreclosure: Voluntarily transferring the property’s title to the lender to satisfy the debt, avoiding the foreclosure process.
- Home Affordable Modification Program (HAMP): A federal program aimed at helping homeowners lower their mortgage payments through loan modification or refinancing.
- Legal Assistance: Seeking legal help from organizations like Legal Aid Societies to review loan documents, negotiate with lenders, and explore legal options to prevent foreclosure.
- Credit Counseling: Working with credit counseling agencies to create budget plans and strategies for managing debt and mortgage payments.
- Financial Assistance Programs: Applying for government or nonprofit assistance programs designed to help homeowners facing financial hardship.
- Mediation: Engaging in mediation with the lender to reach a mutually beneficial agreement on mortgage terms and payments.
- Bankruptcy: Exploring the possibility of filing for bankruptcy, which can temporarily halt foreclosure proceedings and allow for debt restructuring by providing a warm referral
