Foreclosure

If you have received a notice of foreclosure on your door, then you need to take prompt action now. You cannot ignore the risk of losing your home. The Jump Law Group has the ability to stop the foreclosure proceeding in its tracks. Tomorrow if need be. We can create a reorganization plan to save your home, eliminate unsecured debt, restructure leases and eliminate contracts, while you continue to live your life, free from the worries about losing your home, free from paying your bills, and free from the stress and anxiety that comes from worrying about where your money is going.

Once you have received the notice of default, a countdown starts towards the eventual sherriff's sale. The notice of default is Day 1. The notice of default states that you are behind on your mortgage payments and the mortgage lender is accelerating the terms of the loan. This means they are saying you have to pay the entire mortgage balance in full. They will also offer you the option of paying your back payments, plus late fees and other charges to get it out of default statue.

If you don't catch up on your payments, the the foreclosure notice is posted on your door and published in the paper. This is day 30. It means that the mortgage company has chosen to seize the security for the loan (your house) and has hired a foreclosure trustee to handle the sale of your property. The foreclosure trustee is the individual who posts the notice on your door. At this point, the mortgage company will probably have very little to do with you and simply refer you to the foreclosure trustee.

The foreclosure trustee will give you two payoff numbers in the notice posted on your door. Those numbers are what you will have to pay to get the house out of foreclosure and reinstated with the lender, if the lender will reinstate you.

The time clock from day 30 to day 120 is typically the time when all the 'angel investors' come out of the woodwork to 'help' you. Don't be fooled. People aren't going to help you out unless there is an advantage to them for doing so. We can't caution you enough to beware of wolves in sheep's clothing.

During this time period you may also try and work something out with your mortgage company who will tell you that they can't talk to you until your account has been worked through the foreclosure department and that won't be until the week before the sale of the home. Think that one through a moment. Do you think they are really interested in helping you if they can't help you until right before the sale? Don't you think that they might just be stalling in order to let the clock wind down to the point of no return?

Remember that once the sale goes through on day 120 after the Notice of Default. There is no unwinding of the clock. The house is gone and there is nothing you can do to get it back.

Very simply, we help you get your life back. What brought you to seeing that notice posted on your door is not an isolated incident. Somewhere along the line a late payment occurred, a medical bill went unpaid, and the cascade effect of falling behind on your bills began.

Each individual is different, but the stories are all along the same lines. Lost job, cutbacks, a child suffered a catastrophic illness, credit card debt became too high, we know them all, and we understand what it can do. Marriages suffer, parents are stressed, you lose sleep at night. We understand. We see it everyday and we know how to end it.

Our approach will deal with all of your money issues and conveniently reorganize your estate. We prioritize your debts and then either repay, reduce, or remove those obligations through the money that you have at your disposal now. We don't make you take out a loan, we don't offer a grant, we don't dip into you retirement or savings. We simply look at how much money you are earning in your budget and we develop a plan together.

Fill out the forms online, we will review the information and contact you to let you know if we can help. If yes, then the decision is yours. There is no obligation, no pressure. You have enough of that already.

If we can help you then within under two weeks, we will have your life back on track and the foreclosure sale stopped. You will have the breathing space you need to reorganize your life and take control.

What does the Jump Law Group do?

Click here to read the National Consumer Law Center's latest press release on Nationwide Theft of Americans' Homes and Equity. Thousands of people are losing their biggest asset to Foreclosure "Rescue" Scams

The Timline on Foreclosures

This is where you do not pay your mortgage on time and the clock starts ticking. From here you can either pay your mortgage with a late fee and additional interest or not pay at all.

The mortgage company calls the loan due and invokes their 'acceleration' clause. At this point, additional fees and amortized interest are added to the loan balance. The Notice of Default will be mailed to you and posted on the door of the property.

The foreclosure process begins. A trustee is retained by the mortgage company to conduct the foreclosure sale. Signs are posted on your door, the foreclosure notice is published in the paper and now you begin receiving offers from 'angel investors' who want to help. Real Estate agents are knocking on your door asking if you would like to sell the home. DON'T SIGN ANYTHING.

The worst scam is where they 'buy' your home and then lease it back to you. Nothing is more important than keeping your name on the title.

The foreclosure sale is held on the courthouse steps and an independant third party purchases your property. All of your equity is lost, the property cannot be redeemed (if a trustee sale) and you have lost your home. Expect to be evicted in 18 days. This is called an unlawful detainer action.

11 Days before the foreclosure sale is the last day to reinstate by paying the past due amounts. Although the Jump Law Group can still stop the foreclosure sale after this date, we use day 199 as our deadline marker for filing your case and making sure everyone receives notice that the foreclosure cannot be held by operation of law!

30 days to sale. This is our marker for determining your case as an emergency or not. We don't want to have less than 30 days to prepare your case.

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