QUESTION

How to stop a power to sell property

Asked on Feb 12th, 2017 on Real Estate - California
More details to this question:
How to pay back property taxes if or stall power to sell process
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1 ANSWER

Real Estate Attorney serving Oakland, CA at Sack Rosendin LLP
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You are going to need to talk to a lawyer and be prepared to provide a lot more details. The first one is when is the foreclosure sale scheduled? The second one is do you have the money to pay the amount claimed by the lender? If not, how soon can you get it? How much could you pay right now? There are 4 ways to stop a foreclosure sale: 1. Pay what is owed. 2. Make a deal with the lender to pay some now and pay the rest according to an agreed schedule. 3. Sue to stop the sale. 4. File bankruptcy. Choices 3 and 4 will only slow the process down, and not for very long. The first thing either court will ask is whether you can pay what is owed and when. If you appreciate this free advice, please remember to refer me to any friends or acquaintances who need a lawyer. Referrals are still our best source of new business. Do you have a revocable living trust to protect your heirs against probate? Probate takes forever, is expensive, and is annoying. Do your family a favor. Set up a trust, and put all your property, especially any real property, into the trust. Since it is revocable, you can change it, add to it, take property out of it, or even cancel it completely, at any time. We set up such trusts, provide a pour-over will as a back-up for any property that does not make it into the trust, provide you with blank durable powers of attorney for health care and financial decisions, in case you become incapable of making such decisions while still alive, and convey one piece of real property to the trust, usually the family home, for $1500.00. If you would like to hire me to do this, let me know, and I'll send you a list of the information I need.   Dana Sack
Answered on Feb 13th, 2017 at 9:15 AM

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