If your question isn’t answered here, please don’t hesitate to contact us directly.

Q. I’m behind on my house payments. What can I do? A. First and foremost, you do have options. If your goal is to stay in your home then you can try to work something out with your lender to make up the amount you are behind. (Click here to learn more about these options.) If you want to sell and get the problem property out from under you, then CSHS can make an offer on your home to buy it.

Q. I don’t know much about foreclosure. Who can I talk to that can really help? A. You’ve come to the right place!   Our team understands the foreclosure process inside and out and we will walk you down the path to make the decision that is best for you. If you are want to do additional research on your own you can click here for some useful online resources.

Q. What is a short sale? A. Simply put, a short sale is when your lender agrees to accept less that what is owed to them. Say for example that you owe $400,000 on your home. If your lender is willing to accept anything less than that amount, it is considered a short sale.

Q. What happens if I file bankruptcy and at what point is this a good option? A. You will have to speak with a competent bankruptcy attorney to get that question answered. You should know that bankruptcy will put a halt on the foreclosure process but this is only a temporary delay.  You still need to get the house sold or else you will have both a bankruptcy and a foreclosure on your credit!

Q. Do I have to sell my house? A. You don’t have to sell.  There are other options (like a loan modification, repayment plan, etc.) but you need to take action immediately!  Click here to see all the options you have available.

Q. If I try to sell, who would buy my house? A. If you have enough equity in your home, you may be able to sell your house to a retail buyer.  Keep in mind that time is of the essence.   If you do not have equity, as is true for most homeowners facing foreclosure, we may buy your house through our Guaranteed Buyer Program, assuming it is the best option given your situation and assuming you are eligible for a short sale.   We will handle all of the paperwork, do all of the negotiating with your lender and treat you with the utmost respect during this tough time.

Q. How much time do I have before I lose my house? A. In California, once you receive your foreclosure papers from the county (also known as the Notice of Default) you can expect for your house to be sold at public auction within 6-9 months.

Q. Should I list my house with a realtor? A. It depends.   If you have equity in your home you could price it below market value to get rid of it quickly.   If you owe more than what it is worth, which is true of most homeowners facing foreclosure, then just listing is not nearly enough. When you are up against the “foreclosure clock” listing with a realtor and hoping for an offer is a passive approach because what you really need is an offer to present to your lender. Although there are realtors who have experience with short sales and understand the process very well, many realtors do not and end up doing you an injustice because of their inability to “navigate” through the complex short sale process. Through our Guaranteed Buyer Program, we can make an offer on your house immediately so that we can start actively working with your lender to negotiate a successful short sale.

Q. Should I call my bank to try to work something out? Will they even be open to it? A. If you want to stay in your house then yes, you should definitely try to work something out with your lender. Click here to see all the possible options. Do be prepared to invest a lot of time making phone calls, sending faxes, emailing, etc. It can be an overwhelming process and banks aren’t known for making it easy or holding your hand, so it is important to be persistent.

Q. I’ve tried to do a loan modification and my bank won’t work with me. What else can I do? A. Unfortunately loan modifications don’t work very often mainly because the banks make it such a difficult process.  If you do not qualify for a loan modification, your options are even more limited.   If you’ve tried a loan modification and have not made any progress with your lender or do not qualify, your best options are probably to reinstate the loan (bring it current) or to sell.

Q. How does a foreclosure impact my credit score? A. A foreclosure will stay on your credit for 7-10 years and will dramatically decrease your credit score.   This will negatively affect your ability to get any loans for years which is why you need to avoid a foreclosure at all costs.   You may also face difficulty in getting a job or even getting car insurance, since employers and insurers these days check your credit before offering employment or insurance. Reaching an agreement with your lender via a short sale is significantly less damaging to your credit score than a foreclosure.

Q. Will I ever be able to buy another house? A. Yes, but if you have a foreclosure on your record you may not qualify for a loan for 7-10 years.  If your account is “settled” then you should be able to buy a new home as quickly as 18-24 months.

Q. People I don’t know and who have never even been inside my house are saying they want to buy it. What is their motive? Are they for real? A. If you have been served your foreclosure papers, then you have probably been swarmed with postcards and letters from Investors wanting to buy your house.   Many of these people and companies are “for real” but you have to watch out for the scammers.   Never pay anyone upfront for their services and make sure to check out their credentials.

Q. Why should I trust AvoidBayAreaForeclosure.com? A. If you are going through a foreclosure we know you want to feel completely comfortable about the person or team you are working with.  Check out our testimonials of past clients and what they have to say about us.  The proof is in the pudding.

Q. What should I expect from AvoidBayAreaForeclosure.com? A. You can expect to be treated with the utmost respect and professionalism.   Our team will be there for you throughout the entire process, answering questions and keeping you up to speed on our progress as we work toward a settlement on your account.  We understand the challenges and stresses that come from having financial trouble and work very hard to alleviate that for you.   You can expect us to work diligently and do everything we can for you, but you should also understand that there is no 100% guarantee that AvoidBayAreaForeclosure.com, or any other company you work with, will be able to reach a settlement with your lender.

Q. What happens after I contact AvoidBayAreaForeclosure.com? A. We will schedule a FREE consultation with you to talk through your situation and assess your options.  Depending on what YOU want to do, we will guide you down the path that makes the most sense for you.   If you have decided to sell to us, we will work directly with you throughout the process.   If you are interested in services that are outside of our offerings (such as loan modification), we will put you in touch with other credible, trustworthy professionals.

Q. Do you charge any upfront fees? A. No, we do not.  We make money on the difference between what we buy the house for and what we re-sell it for.

Q. Why should I let you buy my house and make a profit when you resell it? A. Yes we make a profit when we sell your house, but keep in mind all of the benefits you are receiving from working with us.   You aren’t charged a penny for our services, you have a dedicated team of trained professionals who understand all the complexities of the foreclosure and short sale process on your side working actively to settle your account, and you walk away with a settled account on your credit instead of a foreclosure.

Q. How long does it take for a short sale? A. It varies.  It can take anywhere from 2-9 months. We see an average of 4-5 months.

Q. Will I receive a 1099 or a deficiency judgment (and have to pay taxes on the income)? A. Not if the house is your primary residence and you still have the original loan from when you first bought the house.  The Mortgage Forgiveness Debt Relief Act which became a law in 2007 orders relief to homeowners who would formerly owe taxes on forgiven mortgage debt after facing foreclosure.  This act is in effect until 2012 and you can click here for more information about this act. Regardless of your circumstance, we always negotiate with your lender to declare your debt “Debt settled in full.”


    We provide professional, stand-up service to the homeowners we work with by being completely transparent and answering every question that arises as we talk through each option and decide together on the best course of action to avoid foreclosure. With the professionals from AvoidBayAreaForeclosure.com on your side, you benefit from our expertise, experience and proven track record of success.

    Do you have questions about the foreclosure process? Would you like to find out what your options are and how we can get the ball rolling immediately? Are you looking for a trusted advisor with a track record of success in helping homeowners proactively avoid foreclosure? We are here to help!