Expert Advice When You Need It Most
Posted over 3 years ago. Applies to California, 1 helpful vote, 0 comments
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Gather All The PaperworkGet all of your paperwork together, including original purchase documents, mortgage, loan documents, bank records showing what payments you have made and the dates of all payments and all notices of late payments or delinquencies, and any notices about foreclosure. 2
Find The Contact for Lender NegotiationsTry and get the name, department, address and all telephone numbers for persons at your bank who can negotiate with you over the terms of your mortgage and what steps you can take to reinstate your mortgage and save your home. 3
Contact a Qualified LawyerReal Estate Loans are technical and difficult. You will probably benefit from having assistance from a lawyer who handles real estate workouts and negotiations with lenders. Additional ResourcesThere is substantial current public discussion. Check withn your County Recorder and Assessor, and also with the California State Department of Real Estate. The California Attorney Genera;l's Office has recently settled a major case involving Countrywide, now owned by Bank of America with terms that may require the lender to offer to rengotiate some loans. Related Questions1 Attorney answers: 
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