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Foreclosure Prevention

If you have missed mortgage payments, whether you realize it or not, you may already be in the foreclosure process.   We are here to help you understand the process and to provide help.

Contact NHS for free help to protect your home today.
(213) 381-2862 or (888) 895-2NHS or email:


What is Foreclosure?

Foreclosure is a legal process in which the bank sells your property to satisfy your home loan debt. The process takes a minimum of 231 days from the time you stop making payments.
Here’s how the process breaks down:

Step 1: 60-90 days elapsed
Borrower becomes delinquent due to non-payment.

Step 2: 120 days elapsed
Lender sends a “Notice of Intent” that declares the borrower to be in default. It states the amount due, and gives the borrower 30 days to correct the delinquency.

Step 3: 210 days elapsed
If the lender does not receive payment within 30 days after filing the “Notice of Intent,” the lender may file a “Notice of Default.”  This recorded document is public record which must be in place for 90 days.

Step 4: 231 days elapsed
If the 90 day “Notice of Default” period passes without the borrower and lender working out a resolution, then the lender can publish a “Notice of Sale.” The public notice must appear for 20 days. The property can be sold on the 21st day.
 

We provide professional services

The LA County NeighborWorks® Center for Foreclosure Solutions is comprised of organizations and groups striving to find solutions to the growing problem of foreclosures. Our network of professionals helps families who face losing their homes by providing the following services:

Foreclosure Prevention Education
– NHS holdsMortgage Assistance Clinics for families to learn about the foreclosure process and the help available to them.

Asssesment and Counseling
- Counselors from HUD certified housing agencies assess each family’s mortgage situation without judgment and assist them in identifying, implementing the right strategy, while providing ongoing support.

Legal Representation
- Public interest attorney groups partner with us to assist families who have been the victims of predatory or real estate fraud.

Affordable Loan Products
- Mortgage lenders and financial institutions partner with us to assist families who are seeking affordable refinancing, loan modification or forbearance agreements.

Real Estate Services
- Local real estate professionals partner with us to assist families who are seeking an appraisal or a short sale.

Relocation Assistance
- Apartment owners associations partner with us to assist families that have gone through a foreclosure and are in need of housing.  We help families find, qualify and transition into rental properties.
 

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NHS of Los Angeles County
3926 Wilshire Boulevard, Suite 200
Los Angeles, CA 90010
888-895-2NHS

NHS is a 501(c)(3) nonprofit organization.

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