Woodland Hills Attorney and Real
Assisting Homeowners Throughout Southern California
Matters of real estate are inherently complex. Prospective homeowners will need dedicated and reliable assistance when they are ready to purchase real estate property. Existing homeowners will also need professional guidance when faced with unexpected challenges.
Our Woodland Hills lawyer and real estate broker is fully licensed and prepared to assist you with all types of real estate transactions. Our accomplished and capable team at Cal West Law offers a full suite of real estate services and can offer experienced counsel in any conflict or endeavor.
We are compassionate to the realities of fluctuating income and a turbulent housing market and will explore every possible solution. Whether you are struggling to keep up with your mortgage or are looking to close on your first home, our firm has the tools and resources to assist you.
Our Service Areas
When navigating real estate transactions, you need a firm that is prepared and qualified to handle every possible scenario. Our real estate broker is also a licensed attorney, allowing us to advise on critical legal matters involving real estate in addition to providing brokerage services.
Cal West Law is committed to helping Californians keep their homes in times of crisis. If you have fallen behind on your mortgage and are facing foreclosure, we can leverage our decades of legal experience to explore solutions that can save your home and help you overcome debt. If you are unable to remain in your home, we can work to delay foreclosure and facilitate a smooth exit that limits your financial liability.
Our Woodland Hills attorney and real estate broker can assist you with:
- Purchase Agreements. If you are ready to buy or sell a home, we can draft, negotiate, and finalize the purchase agreement contract. We will review every element of the sale to ensure all regulatory requirements are met and that your financial and legal interests are protected.
- Deficiency Judgments. If a lending institution forecloses and sells your home at a public auction, your home could potentially sell for less than what you still owe on your mortgage. In these instances, the difference – or the “deficiency” – could result in a lawsuit. If successful, you will be on the hook for paying a “deficiency judgment.” Deficiency judgments can also factor into short sales, a strategy that can help you sell your home and avoid foreclosure. We can help you negotiate and implement a deficiency waiver with the buyer of the property to avoid being subject to a future deficiency judgment. We can also address and minimize future tax liability that a deficiency waiver can confer.
- Relocations. If you are no longer able to keep up with your current mortgage due to a reduction of income or other factors, your lender will likely seek to replace you with someone who can pay. Because the foreclosure process can be expensive and time-consuming, banks and other lending institutions may sometimes agree to a short sale if the transaction will facilitate a swift exit. To that end, lenders may also sometimes offer financial relocation assistance if the exiting homeowner agrees to depart by a certain date. We can work with your lender to negotiate relocation assistance. Our team can also determine whether you may qualify for relocation assistance from the Home Affordable Foreclosure Alternatives Program (HAFA).
- Short Sales. When properly executed, a short sale can allow you to avoid foreclosure and sell your home when the property is worth less than what you owe on your mortgage. Lenders will often agree to short sales under certain conditions, as the process tends to be faster and more financially beneficial than going through an expensive foreclosure. Short sales are extremely complex transactions and typically require four or five times the work of a normal home sale. We can serve as both your real estate broker and lawyer when negotiating and finalizing a short sale.
- Foreclosure Avoidance. In addition to short sales, we can help you explore every possible foreclosure alternative and avoidance strategy. This can include loan modifications and filing for bankruptcy. When you file for bankruptcy, you benefit from the “automatic stay,” a court order that halts all collection actions – including foreclosure. Because a Chapter 13 bankruptcy typically lasts up to 5 years, this can give you a tremendous amount of time to reorganize your finances, get on top of debt, and catch up on payments. We can determine if bankruptcy makes sense for your situation and guide you through the filing process.
We strive to make the bankruptcy process as smooth and simple for you as possible. Reach out to our firm today to schedule a free in-person or virtual consultation today.