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hitting servlet foreclosure papers is probably the most
from acting
many people will ever go through in their life
that clients described to me as
being hit in the chest with a baseball bat they just feel like they're
emotionally dot to the ground
and they had visions of having to move out of their house
a few days
if that's the situation is hearing you've been served with papers and a
foreclosure action
the first piece that i sent you issue
step back
take a deep breath
in combat
foreclosure litigation
is like
any other litigation that goes to the court system
is going to take a while for it
until class all the time if you do absolutely nothing in response to the
foreclosure paper
it will still take
probably at least four or five months
to complete the process before he would be loop
so you don't need a russia and the involved
and buy a bunch of moving boxes as soon as you get served with foreclosure pain
discredited court dockets are today
it's not unusual at all
four
foreclosure
not three or four five months
twelve eighteen or twenty four months
depending upon what defenses
can be rates
things that we do will be approaching foreclosure defense
case is first of all is to look at
the transaction the original mortgage loan transaction
there's a allot of
a federal requirements a lot of technicalities that have to be met
and positive probably reading the newspapers are singing on the news
stories about ways to some of the mortgage lenders
had tried to
uh... speedup the process by having people signed papers they don't even
know what their side
all of these things can come together to create a new friend
to any mortgage foreclosure case
although extremely rare
we have within the last couple of years
had tour three cases
what we were able to come in and show that the mortgage
was completely invalid
if there was not a lien on the property at all
they could be legally enforced
now as i said
that's an extremely rare occurrence
but it's very common for us to find
uh... several mistakes
meaning that so far the mental attitude caused more damage to the invalid
but it is certainly create problems for the mortgage lender
that opens the door
than before
there's a foreclosure action is it's just another lawsuit
unlike any other lawsuits we're looking for ways to settle the losses
in into foreclosure action
settling a lawsuit
will typically mean working out some sort of
new arrangement or modification of the mortgage
to to take into consideration
not only the legal problems that we might find
but the economic realities of today
because it's one thing we know for sure
while these banks
have to file foreclosure actions
went along those in the fall
the reality is
the last thing on earth they want is another vacant house and their inventory
so we have we have at home
then using
at the same type of negotiating techniques that we use and other types
of litigation
coupled with a thorough knowledge of
the mortgage industry and what they're going to be made
that we can in many cases workout an effective relationship
uh... army relationship going forward
between the lender in the homeowner
says state they stay in the house
and have a indifferent
that is for
and they now have a house
the is not a tremendous difference between
uh... what the hell and what it's worth
it's no mystery that
litigation can be expensive lawyers from the expo
so if i did hear she is one of the questions that would be on my mind right
now
well all of that sounds great
how much is at any cost
cannot afford to do it
being acutely aware of that situation
we have developed some very unique
weightings
handle a foreclosure action
from a financial standpoint
so we feel very good about the plan that we put together
to allow people
to effectively defend a foreclosure action
at an affordable fixed cost
one thing that i would leave you with i think the most important thing
is to keep in mind if you've been served
with four hundred acres
did a very limited time
to file a formal response with the court
so this is not intended for presentation
don't wait get legal council met