Ontario Foreclosure Attorneys

Are you doing all you can to prevent your Home from being Sold? Or probably you are struggling with an auction date or notice of sale.

At LG Law, Our Ontario’ foreclosures attorney will guide and assist you to prevent from Home from being sold by your creditors. We can help you with a loan modification. We will get you a modification on your mortgage from your lenders.

Call 1(888)901-5240 TODAY, for a free consultation with the best Ontario foreclosure attorneys.

When you call, we will provide you with the best advice on how to stop your lenders from selling your home. We will also help you to stop them, so that you can continue to live at home.

If you, as the owner of a home, cannot pay your mortgage on the due date, the result will be foreclosure – that’s the sale of your home or property.

In particular, it is a legal process in which the homeowner loses all rights to the home.

Foreclosure is a legal process through which landowners lose all rights to their property because they are not able to pay their mortgage.

The property goes to foreclosure auction when the homeowners are unable to pay their outstanding mortgage or sell the property via short sale.

If your lenders are not able to sell the house in the sale auction, they will take over the property.

If your credit company cannot sell the house at auction, they will take possession of the property.

The Foreclosure Process

To those who are late in their mortgage payments, fighting foreclosure or in foreclosure due to financial difficulties such as divorce, unemployment, and so.
It is very important that you understand the foreclosure process; the foreclosure law, ways to avoid foreclosure, the consequences of foreclosure and legal loopholes.
To fully understand all these, you need a knowledgeable attorney with years of experience in handling foreclosure cases.

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Wondering what steps are needed in a foreclosure case? In general, the foreclosure process can be divided into five steps:

Missed Mortgage payments: foreclosure always begin with landowners if the borrower (property owner or homeowner) does not pay his mortgage on time.

There are many reasons why a borrower can not afford the payment. This is mainly due to difficulties caused by the following factors: divorce, job loss, medical problem or death.

In case, you find yourself in a situation where you are unable to pay your mortgage. It is advisable for you to explore other possible alternatives as soon as possible to avoid foreclosure.

The whole foreclosure process does cost the lenders a lot of money, if possible they will want to explore other reasonable alternatives to avoid foreclosure.

In some situation, the borrower might intentionally cease paying the debt because the amount of the mortgage is greater than the value for the house or because of he his tired of the house and want to get rid of it.

The main point that brings about foreclosure is that the borrower is unable to meet the terms of the loan I.e they are unable to pay their mortgage.

Public Notice: The second step after missing payments is; the public notice. If the lender has not paid his or her mortgage within 3 to 6 consecutive months. The lending company will file a complaint with the county registrar to inform them, that the borrower has breached his or her mortgage payment.

In most states, it is called Notice of Non-compliance (NOD), while in others; it is called “lis pendens”, a Latin word meaning “ongoing pursuit”.

After the county clerk’s office has been informed, the borrower will be formally informed that he may lose his property, if he continues to default on his mortgage payments.

In some cases, a public notice is placed at the entrance of borrower’s home to inform them that they will soon be evicted from their homes if they do not pay.

If you are at this stage in your foreclosure process, the stage at which you are being threatened with foreclosure. You need an attorney in Ontario as soon as possible.

Call LG Law at 1 (888) 901-5240 for a free consultation.

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Pre-closure: Once the NOD is issued to you (as a borrower), you will enter a grace period of 30 to 120 days, this grace period is known as pre-foreclosure. You are to use this period to try and make all the necessary outstanding payment.

During this period, the borrower can either pay all the necessary mortgages including taxes and interests, pay the lender through a short sale, or seek for alternatives options with the help of a Foreclosure Attorney.

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If the borrower is able to pay off its defaulting debt during the pre-foreclosure, the borrower will avoid eviction and public auction sale.

But if he is unable to pay, then the foreclosure process continues.

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Auction: If at the end of the grace period ( usually 120 days; 3 months) the borrower is unable to pay its debts then the lender (or its representative who is also known as the trustee) schedule a day for the borrower’s home to be sold at a foreclosure auction (also known as a trustee sale).

The trustee will record a Notice of Trustee’s Sale (NTS) with the County Recorder’s office to enable them to auction the property. The NTS will be given to the borrower, posted on the home and even in the newspaper to notify the general public about the impending auction.

The foreclosure auction can be carried out in the country courthouse, at the property in foreclosure, and even in the trustee’s office.

If the borrower can come up with the outstanding debt, he will be given a right of redemption to stop the house from being sold and stop the foreclosure process for good.

At the auction, the person that can pay the highest amount for the property becomes the buyer and the owner of the house.

Therefore the majority of lenders do makes a deal with the borrowers called a deal in “lieu of foreclosure”, this will give the borrower an opportunity to get the property back. The bank also can buy the house at the foreclosure auction.

Post-Foreclosure: In the event that no third party buys the property at the auction, the house passes into the possession of the lender. It is known as the property of the bank (REO – Real Estate Property).

Real estate, which is also owned by the bank, is sold in two ways, whether on a free market by a local real estate agent or at an auction.

Real estate owned properties also called bank-owned property are sold in two ways, either they are listed for sale on the open market by a local real estate agent or they is sold area liquidation auction. Auction: If at the end of the grace period (usually 120 days or 3 months), the borrower can not settle the debt, the lender (or his representative is also called a director) plans to sell the home one day of the borrower in a bank. Foreclosure Sale (also known as Escrow Sale).

The trustee registers its cancellation at the district registry office so that you can sell the property at auction. The NTS is delivered to the borrower, published internally and even in the newspaper to inform the public about the upcoming auction.

The foreclosure sale can be carried out in the country’s court, on the foreclosed property and even in the trustee’s office.

If the borrower can get the debt going, he will receive a ransom to prevent the house from selling and stop the foreclosure process forever.

At the auction, the person who can pay the highest amount for the property becomes the buyer and the owner of the house.

As a result, most lenders enter into an agreement with borrowers called “foreclosure”. This gives the borrower the opportunity to repossess the property. The bank can also buy the house at the foreclosure sale.

Post-Foreclosure: In the event that no third party buys the property at the auction, the house passes into the possession of the lender. It is known as the property of the bank (REO – Real Estate Property).

Real estate, which is also owned by the bank, is sold in two ways, whether on a free market by a local real estate agent or at an auction.

Real estate owned properties also called bank-owned property are sold in two ways, either they are listed for sale on the open market by a local real estate agent or they is sold area liquidation auction. Auction: If at the end of the grace period (usually 120 days or 3 months), the borrower can not settle the debt, the lender (or his representative is also called a director) plans to sell the home one day of the borrower in a bank. Foreclosure Sale (also known as Escrow Sale).

The trustee registers its cancellation at the district registry office so that you can sell the property at auction. The NTS is delivered to the borrower, published internally and even in the newspaper to inform the public about the upcoming auction.

The foreclosure sale can be carried out in the country’s court, on the foreclosed property and even in the trustee’s office.

If the borrower can get the debt going, he will receive a ransom to prevent the house from selling and stop the foreclosure process forever.

At the auction, the person who can pay the highest amount for the property becomes the buyer and the owner of the house.

As a result, most lenders enter into an agreement with borrowers called “foreclosure”. This gives the borrower the opportunity to repossess the property. The bank can also buy the house at the foreclosure sale.

Ontario Foreclosure Timeline

The deadline for the foreclosure process in Ontario can be up to two hundred (200) days. The whole process may be faster or slower than normal depending on the situation in your case.

Your loan is considered to be in default officially, after missing payments for 90 days that is three months, with the first day being when you first missed the payment for your mortgage.

If the property is officially in default, your lender must register a NOD with the court. Once you have submitted the NOD, you must inform them within ten days.

To get out of default, you must pay all outstanding mortgages, including interest and fees. If you can not pay for everything at the same time due to financial difficulties, you will always be in default.
Once you have received the NOD, you have exactly 3 months (90 days) to pay off all your debts or risk losing your beloved house. After 3 months, your lender can set an appointment for the auction of your property. Once you have set a date, you will be notified by the Trustee’s Sale Statement (NTS).

Immediately after receipt of the NTS, the lender must wait at least 20 days to auction the property to the highest bidder. The auction can be postponed by your lender/court. The property will be sold to the highest bidder at the auction.

Where are we located?

LG law firm has offices in all over California; we have an office in Irvine, Glendale, Los Angeles, San Diego and in Ontario.
We have made getting to us easy for our clients if you can’t drive to our office, we can either drive to you at your convenient time or we send you an Uber.

Our Ontario corporate law office is located at:
337 N Vineyard, Ave #100, Ontario, CA 91764, USA.

You can also call us at 1(888)901-5240 or fill the form below to book an appointment.

What our Work injury Attorney Can offer in Benefits

When you are involved in a foreclosure case, there are many options you have to avoid foreclosure, and there are many benefits you are entitled to as a borrower facing foreclosure.

To know more about this call LG Law to learn more.

Highlights below are four benefits attached to any foreclosure case, remember that only a foreclosure attorney in Ontario can give current and accurate information as applied to your situation in Ontario.

You need an Ontario foreclosure attorney.

Don’t hesitate! Call 1(888)901-5240 Now. It’s free.

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Benefit 1: Loan Modification

Loan modification is a standout amongst the most ideal approaches to battle foreclosure. It tries to make changes to the first terms of credit terms as to reduce the weight on the client assertion, banks (credit companies) want to settle with their borrowers on credit alteration, instead of securing your home.

They are into the matter of overseeing credits and debts, not in homes and land. Likewise, foreclosure most occasions result in a loss on their book.

The Congress passed a transitory program that enables mortgage holders to request a loan modification in 2009. The home loan organizations are being commanded to work with property holders during the time spent getting a Loan Modification.

When you file for a credit adjustment with your banks, all foreclosure procedures on your home will be stopped for thirty days, this is obligated by California law. In the event that the application for loan modification is acknowledged, they will stop the foreclosure proceedings on your home/land, to permit the proceedings on loan modification rate and instalment. However, on the off chance that the loan modification request is rejected, the foreclosure procedure will go on as arranged at first.

These are the principle reasons you should work with an accomplished Ontario foreclosure lawyer, to give you the best advice on your foreclosure.

At LG Law, our foreclosure attorneys work to ensure that the loan modification is acknowledged. We additionally investigate different options to have a reinforcement plan, while your foreclosure application is yet to be approved.

Loan Modification isn’t perfect for those that their foreclosure is close; ultimately. It isn’t fast like chapter 11. On the off chance that your foreclosures deal is in a couple of daytimes, it isn’t advisable to apply for a Loan Modification because of its moderate procedure.

Call LG Law at 1(888)901-5240 to get familiar with your choices.

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Benefits 2: Fixed Rates

Many lenders in Ontario will consider decreasing your loan principal as a modification.

To be eligible for this, the borrower must be prone to be delinquent in the future, because of an unavoidable rate reset.

The mortgage ratio is reduced to as low as 2.5% interest rate. The loan will then be changed to a ten years interest rate only or fixed rate mortgage.

At LG law, we will help you reduce the borrower’s payment, reducing the interest rate to make the payments affordable for you.

We help borrowers that have shown goodwill, to get a loan modification with a fixed rate of 6 to 6.50 per cent over a period of time.

This is to get borrowers’ monthly payments to be around 31 – 38% of their gross monthly income.

Call LG Law at 1(888)901-5240 To get a free consultation.

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Benefit 3: Waives Payment

Lenders hate foreclosure, it does cost them a lot of money, so many lenders are willing to work with borrowers that are experiencing hardship to work out an affordable monthly payment. For a lender to be able to consider doing this, the borrowers must have shown goodwill.

The lender will waive all payments related to the loan modification, charges like late fees, bank legal charges and other similar charges will be waived for the borrower to allow him to get to back on track to paying its affordable monthly mortgages.

Our foreclosures attorney at LG Law Ontario will be at hand to help get your lender to waive payments for you.

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Benefit 4: Stop/Postpone Foreclosures sale

Many borrowers don’t know that they can stop a foreclosure notice. Once they get an NTS, they believe that nothing can be done about it, but for them to be evicted and their home sold. Some even look for a way to be out of the house, before the foreclosure date, they don’t know they can turn it around.

They either stop it altogether or postpone it, with our experienced foreclosure attorney we can help you to either postpone or stop foreclosure altogether, depending on the one that is best for your situation.

The following are alternatives to foreclosure:

Ask for a Postponement

You can call your lender and request for the postponement of your foreclosure sales date, and make sure you keep in touch so that you can be updated about any changes in your foreclosure case.

Foreclosures cost your lenders money, and many companies will only resort to it as a last option. Contacting them for the postings of the sale date, with cogent reasons will help them to reevaluate your case and set a new date, with the hope of you will be able to pay off your outstanding debts before the new sales date.

Some lenders might give you cold shoulder, but the majority of them will be willing to work with you on a new date.

Filing Bankruptcy

Filing for chapter 7 and chapter 13 bankruptcy can help you discharge your debts. This will give you enough time to work out alternatives before the foreclosure process continue.

Immediately you filed for bankruptcy all foreclosure process will cease automatically. Chapter 7 bankruptcy tries to get rid of the debts by selling your unsecured assets while chapter 13 seeks for ways to pay back the debts on a flexible repayment plan.

Lawsuit

If you think you have been mistreated or you can record any wrongdoing against your lender, then you can sue them.

Once you file a lawsuit against your lender, you may be granted a preliminary injunction by the judge. It will stop the foreclosure process while the lawsuit is still on.

Your failure to win the case will lead to the continuation of the foreclosure process.

Short Sale

If the amount owed, is more than the current market value of your property, then a short sale may be an option.

In a short sale, the borrower gives all ownership right of the property to the lender to takes possession of the property, while in exchange the lender forgot about the debts owed on the property. All this is subject to the agreement of the lender.

The borrower must be able to prove to the lender that they are unable to pay any additional loan on the property.

During the process of the short sale, the foreclosure process will be postponed.

Call to get a detailed explanation to stop foreclosure.

An experienced Ontario foreclosure attorney can help determine the best option for your situation.

Call 1(888)901-5240 to get a free consultation NOW!.

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About us

LG Law Firm is the best law firm in Ontario and its Environment. We are staffed with the best professional and experienced lawyers specializing in all types of personal injury, bankruptcy, employee compensation and foreclosure matters. ,

LG Law is established in 1999, to meet the needs of our clients, we provide the best legal service as well as an excellent professional service to the client, which guarantees the maximum benefits from all our legal cases.

We are an excellent results-oriented law firm, with a 99% suc.s rate in combined litigation of 12,000 cases covering various areas, such as personal injury, employee compensation, bankruptcy and foreclosures.

Our team is made up of more than 30 dedicated and professional attorneys with extensive experience in handling all cases.

Call us now at 1(888)901-5240! To find out how we can help you get the most out of your foreclosure file.

Our offices are located in Los Angeles, San Diego, Orange County, Ontario and throughout California.

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Why Us?

Are Wondering why us?

We are the first choice legal firm for all your Foreclosure cases Ontario!

We are the first choice legal firm for all Personal Injury Cases in Ontario!

We are the first choice legal firm for all Bankruptcy Cases in Ontario!

We are the first choice legal firm for all Workers’ Compensation Cases in Ontario!

No law firm in Ontario can live up to our level of professionalism and the quality of our services in all cases, especially in the event of foreclosure, bankruptcy, personal injury and Workers Compensation

Because we are the best at what we do- which is to ensure that our clients get the maximum benefit they deserve in every case.

Our customers are treated with the best customer service because we believe that each of our customers deserves the best in any situation.

Call 1 (888) 901-5240 for a free consultation with the best Foreclosure lawyer in Ontario.
We have a team of more than 30 experienced foreclosure attorneys and legal professionals, as well as lawyers to “provide our clients with the maximum benefit of their foreclosure case”.

We strive to provide our clients with the best legal service available in Ontario and California.

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We offer guidance to our clients to get the maximum benefits from their work-related illness, injury and accidents.

We also help in choosing your doctor for the verification process and we offer our clients a no-cost consultation that means we don’t get paid until you are paid.

We offer our clients a free consultation and they only pay us when they are paid.

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Call To Action

For all your foreclosure case, Call LG Law firm at 1(888)901-5240 to get the best legal team of professional foreclosure Attorneys on your case now!

At LG Law, We have seasoned foreclosure attorneys that have EXPERIENCE and KNOWLEDGE, that can provide a SOLUTION to your legal case.

TALK TO A ONTARIO FORECLOSURES ATTORNEY NOW.

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REAL WORLD RESULTS

“I’ve received $400,000.00 through a Compromise and Release in addition to Medical Treatment for Life!”
-Mr. Rojas

“My insurance company wanted to close the case without the possibility of future medical treatment. LG LAW allowed me to continue seeking necessary medical treatment paid by the insurance company.”
– Mr. Avalos

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