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Facing a deficiency judgment can be an incredibly stressful experience. When an entity sells a property through foreclosure or short sale, and the sale proceeds fall short of covering the outstanding mortgage balance, the lender may seek a deficiency judgment to recover the remaining debt. A California deficiency judgment lawyer with Shapero Law Firm can help if you’re in this unfortunate situation.
In California, the laws surrounding deficiency judgments are complex and nuanced, making it essential to have a knowledgeable and experienced deficiency judgments lawyer by your side. Our firm specializes in helping clients navigate these legal challenges, protecting their financial interests, and achieving favorable outcomes.
A deficiency judgment is a court order that allows a lender to recover the difference between the sale price of a foreclosed property and the outstanding mortgage balance. For example, if your home sells for $300,000 but you owe $350,000 on your mortgage, the lender may seek a deficiency judgment for the remaining $50,000. These judgments can lead to wage garnishments, bank levies, and other severe financial consequences.
The first step in dealing with a deficiency judgment is understanding your rights and options under California law. A California deficiency judgment lawyer with Shapero Law Firm can provide clear, actionable advice tailored to your specific situation. We will help you understand whether California’s anti-deficiency statutes protect you. These laws could help prevent lenders from seeking a deficiency judgment in certain circumstances, such as in the case of a non-recourse loan or a purchase money mortgage.
With over a decade of litigation experience, Attorney Sarah Shapero, founder of Shapero Law Firm, has secured seven-figure jury trial wins and saved countless homes from foreclosure. A Super Lawyer and Lawyer of Distinction, she brings expertise in foreclosure, employment, and bankruptcy law, practicing in California and federal courts.
Trust her proven track record and commitment to delivering powerful legal results.
Other ways we can help include the following:
Shapero Law Firm has a team of skilled negotiators who can work directly with your lender to resolve the outstanding debt. We can work to negotiate settlements that reduce or eliminate the deficiency amount, helping you avoid the financial burden of a deficiency judgment.
If a lender pursues a deficiency judgment against you, our attorneys will provide vigorous defense representation in court. Your California deficiency judgment lawyer will examine the details of your case to identify any potential defenses, such as procedural errors, improper notice, or violations of California’s anti-deficiency laws. Our goal will be to prevent the lender from obtaining a judgment that could negatively impact your financial future.
Dealing with a deficiency judgment can have long-lasting effects on your financial health. Our firm is committed to helping you navigate this challenging process and secure a stable financial future. We provide personalized, compassionate legal representation, ensuring that you receive the support and guidance you need every step of the way.
If you are facing a deficiency judgment or are concerned about the possibility of one, don’t wait to seek legal help. Contact an experienced California deficiency judgments lawyer with Shapero Law Firm today for a consultation. Call us at 415-273-8015 or fill out our online contact form to get started.
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Client Reviews
I contacted Sarah when I was facing tough legal issues. Although I never met her in person she ended up being an amazing advocate, tough negotiator and very knowledgeable representation. In all my communication Sarah was clear, thorough and very neutral about my position and options. I’ve had multiple dealings with attorneys…so I’m experienced. I would give Sarah top ratings across the board.
I have worked with many in the past and Sarah is great with understanding my goals and working with me to create a plan that fits those goals. She has assisted on a number of real estate transactions and legal matters for me and is always available, communicative, and presents all options with risks and costs so we can decide the best route. Highly recommend.
I cannot thank the Shapero Law Firm’s Real Estate team enough for their outstanding service. They are a shining example of what a law firm should be: knowledgeable, compassionate, responsive, and effective. If you are in need of real estate legal services, look no further – the Shapero Law Firm is the gold standard. I wholeheartedly recommend them to anyone seeking expert guidance and representation in the realm of real estate law. They have earned every one of these five stars and more!
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Schedule a free consultation with one of our experienced lawyers today by filling out the form below, or call us at 415-906-6134.
Navigating deficiency judgment issues for San Francisco properties post-foreclosure.
Providing legal support in Los Angeles for deficiency judgments after foreclosure proceedings.
Schedule a free consultation with one of our experienced lawyers today by filling out the form below, or call us at 415-273-8015.