More and more clients are considering their litigation options when facing foreclosure in Riverside County. For many clients, litigation can be a great way to stop foreclosure and force a bank to accept an alternative to foreclosure as opposed to loan modification or bankruptcy. However, this process can be timely and involves the court system which has its own costs and fees. For some clients, these fees may not be reasonable to save a home that is considerably underwater or is not worth the cost of litigation. However, litigation is a great option for many homeowners but must be determined on a case-by-case basis.
Because an attorney must consider the specific facts of your case, it would be impossible to guess on the total cost of litigation. Our office has been able to offer clients foreclosure litigation options on a flat-fee or hourly basis. Although the process may sound expensive, the long-term savings and results of litigation far outweigh the temporary costs. Further, most clients find the cost of litigation is far below the cost of the mortgage payments on the property and will usually assure them several more months in the property until a resolution has been reached.
If you are interested in foreclosure litigation or would like to sue your lender for predatory lending, contact our office today at (951) 801-5570. We will provide you with a free analysis and discuss potential costs.