What happens if I fail to make payments during a foreclosure process?

In California, if you fail to make payments during a foreclosure process, the lender may proceed with the foreclosure process and potentially take possession of your property. Depending on the situation, this could mean that you will be evicted from the property. Your lender may also be able to sue you to recover any unpaid mortgage balance in addition to any unpaid payments related to the foreclosure proceedings. Foreclosure defense laws in California can help protect you from a foreclosure. It requires lenders to prove that they have the right to foreclose on the property, including that all notices were properly delivered and that the foreclosure process was lawfully carried out. If the lender cannot meet these requirements, the foreclosure process may be stopped. In some cases, you may be able to work out an agreement with your lender that will allow you to keep your property. The agreement may involve restructuring your loan, such as extending the term or reducing the interest rate, or allowing you to make payments in order to bring the loan current. If you think that your lender has acted illegally, you may have a legal case against them and be able to receive monetary damages. You should talk to a lawyer right away if you feel that your lender has acted illegally in the foreclosure process.

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What happens if I fail to make payments during a foreclosure process?

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