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Legal Loophole Costs Local Home Seller $52,627 after the Sale of Their Home When Facing Foreclosure

Tuesday, July 24, 2012   /   by David Delgado

Legal Loophole Costs Local Home Seller $52,627 after the Sale of Their Home When Facing Foreclosure

The biggest dilemma when you find yourself with expenses up and income down is what to do or more importantly, what not to do in order to avoid a public foreclosure.  If you have to miss a mortgage payment, there are many important legal issues that you may be unaware of that are critical to understand.  When such an major investment as your home is at risk of being lost to foreclosure, there are legal details to know before you try to negotiate with you mortgage lender that can turn in to major problems and expenses if not handled correctly.   It is essential to understand the legal ins and outs that will properly protect you when you must negotiate with your mortgage Lender to either save your home or protect you from paying thousands of dollars, unnecessarily, when you have to sell your home.

In a recent situation right here in Whittier, misinformation cost one local home seller over $52,627 after they sold their home to avoid foreclosure.  To learn about how to avoid the 3 legal mistakes that could cost home owners thousands, call David Delgado at 888-308-4947. There is never any obligation to get this free consultation.

California Housing Store, Inc.
David Delgado
1400 N Harbor Blvd Ste 640
Fullerton, CA 92835
DRE# CalBRE# 01385731

Based on information from California Regional Multiple Listing Service, Inc. as of September 24, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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