California Plan is a group of Licensed Mortgage and Real Estate Professionals who dedicate time and resources to HELP homeowners who are facing difficulties with their Mortgage. We provide NO Cost Evaluation, Strategy and professional Referrals needed to protect your largest asset.
Whether you are facing foreclosure, burdened by death or simply looking for a second opinion California Plan is your one stop shop for expert advice and professional resources.
Through education and realization, we help remove the stress, fear and uncertainty during challenging times.
We have helped thousands of homeowners stay in their properties and we have helped others take action to simply avoid foreclosure.
One of the worst things we see day to day is time and effort wasted with companies promising solutions that are not possible. This has caused many homeowners to lose Time, Equity and their Home. This has become our mission to simply provide expert advice, compassion and only promise what we can deliver.
Our goal is to discuss your scenario and provide you with an overview of every option available to you and in most cases we also strive to provide a detailed explanation as to why some options may not be available to you
At no cost, we customize a plan of action with smaller milestones that create a path to results and freedom from the looming stress of a foreclosure auction.
With this option, you and your lender agree to temporarily suspend or reduce your monthly mortgage payments for a specific period of time. This option lets you deal with your short-term financial problems by giving you time to get back on your feet and bring your mortgage current.
An agreement between you and your lender that lets you pay the past due amount over a specified time period to bring your mortgage current. This typically means a slightly higher payment for a short-term but is a great option to get you out of foreclosure if you endured a temporary hardship in the past.
Many modifications allow for extended terms to your existing loan. For instance, re-amortizing your current loan over a 40-year term will provide some payment relief on a monthly basis. This is a great option because it gives you some flexibility to make a lower payment, but does not prevent you from paying additional amounts to the principal if you want to pay your loan off in a shorter period of time.
A simple option of lowering your interest rate may solve your issue. If your current rate is above market, you may have an option of reducing your interest and payments without going thru a full refinance. A modification is ideal because you get the benefits of a refinance without adding additional closing costs (title, escrow, lender fees, etc.) to your principal balance.
California Plan consultants are experienced in postponing auction dates. We can push back the sale date of your property to give you the time you need to stabilize your situation.
In the event you need to relocate, the California Plan will connect you with the perfect place to call home. We offer financial assistance for qualified customers as well as relocation advising, planning, and more.
A mortgage is typically null, or “voidable” after a foreclosure. Any equity in the property legally belongs to the homeowner. Under California law, when a property is sold at an auction for more than what was the amount left on a mortgage, the additional balance is known as “surplus funds.” The previous owner of the property is legally entitled to obtain all the additional funds resulting from the sale of the foreclosed property. California Plan is highly experienced in assisting homeowners with the collection of such funds.
California Plan works with several internally certified attorneys to help homeowners with legal protection as well. When your home is at stake, sometimes it’s required to fight back. CaliforniaPlan Consultants will help you assess your situation, and match you with an attorney that can evaluate your case further.
There are 3 main reasons for a declined loan modification. At California Plan, we will help you to minimize your chance of being declined for any of them.
At California Plan, nothing bothers us more than seeing someone lose their home because he or she have failed to complete their modification paperwork correctly. It’s not a complicated process, but homeowners don’t specialize in the application process. Our counselors will help you complete the paperwork free of charge and all applications go thru a secondary review prior to submission to make sure nothing is missed.
The second reason for modification declines it too much or too little income. California Plan know what banks are looking for when it comes to this evaluation. We’ll provide you with the highest chance of qualifying by including items like non-borrower contributors when appropriate. Paying attention to details will give you the highest chance of approval.
When a lender believes you have a lot of equity on paper, they may be less inclined to provide a modification approval. At California Plan, we help to ensure the actual value of your home is presented to the bank.
California Plan works with several internally certified attorneys to help homeowners with legal protection. One option to stop foreclosure is to file Bankruptcy. Bankruptcy includes a powerful legal tool called the “automatic stay.” The automatic stay stops any collection actions against you, including repossession, collection lawsuits, and foreclosures. The banks won’t be able to touch your home while you go through the bankruptcy process.
Depending on the type of bankruptcy you choose to file, you may be able to catch up your mortgage through your bankruptcy plan payments. Remember that you can step in at any point along the California foreclosure timeline to stop the process, right up until the auction itself. It’s not too late to save your home.
Standard sale
Short Sale
Incentives of working with us
A mortgage is typically null, or “voidable” after a foreclosure. Any equity in the property legally belongs to the homeowner. Under California law.
