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Caldwell Legal Mortgage Meltdown

There is no question about it, the burden of the financial crisis rocking California is landing squarely on the backs of the hard working men and women of corrections. Since the housing bubble burst, California has been in the forefront of states suffering a sharp increase in the number of home foreclosures. Once the furloughs and wage reductions began, though, it got much worse.

As the legal plan providers for the CCPOA Family Legal Plan, we have received an unprecedented number of calls for help from members of CCPOA who are reeling under the pressure of the financial squeeze imposed by the State. In response, we have provided numerous copies of the Caldwell Mortgage Meltdown Survival Guide, which is free upon request by calling 800-222-3035. In addition, at no charge to the member, our attorneys provide desperately needed personal advice, direction and assistance.

I have listed below 20 typical mortgage meltdown type questions that our attorneys respond to everyday from anxious CO’s. Do you know any members of CCPOA who have questions like these? If you do, please let your people know that we are hereto help.

Crystal C. Virtue, Esq.
Executive Vice President
CALDWELL LEGAL

20 Questions

1. How does the foreclosure process work in California?
   
2. What are my options if I cannot pay my mortgage?
   
3. What is a short sale?
   
4. Will bankruptcy help me?
   
5. What happens after my home is sold at the foreclosure sale?
   
6. What if someone knocks on my door and tells me to get out?
   
7. What if someone offers me cash to move out?
   
8. Will my lender cancel the rest of the debt after the foreclosure sale since my house’s fair market value is less than the loan value?
   
9. If my lender does cancel the debt, will it be taxable to me?
   
10. What are the newest laws that have passed in California pertaining to foreclosures and modifications?
    
11. I heard the new administration has passed new laws on the federal level to help homeowners. Will they help me?
    
12. How long do I have before I lose my house?
    
13. Should I call my lender? Is there anything I should do before I call my lender?
    
14. Do I have to be late on my mortgage before the lenders will help me?
    
15. What is a hardship letter?
    
16. What is a modification?
    
17. How long does the modification process take?
    
18. Can I refinance?
    
19. Depending on which course I choose to take, whether mortgage modification, refinance, short-sale, or bankruptcy, how will that choice impact my credit record, and how long will it take for me to re-establish my good credit?
    
20. If I have other questions, can I call Caldwell Legal again?

The answer to the last question is a very affirmative YES. We are here to help.

800-222-3035

Download the Mortgage Meltdown Survival Guide