Foreclosure & Loss Mitigation
Loss Mitigation
Our loss mitigation attorneys are often called because the client wants to start a foreclosure proceeding. We can provide multiple alternatives to make the loan reperform and avoid potentially expensive and emotionally exhausting fights with your borrower.
Some of our loss mitigation alternatives include:
Loan Modifications
Forbearances
Did the maturity date of your loan run up and the borrower needs a couple more months to sell or refinance the property? Is there a partnership dispute with your borrower and they need time to resolve the dispute? Our forbearance attorneys understand when a forbearance is necessary, the best terms to include in your forbearance agreement, and how to ensure your agreement’s success.
Deeds in Lieu of Foreclosure
Foreclosure
After exhausting loss mitigation alternatives, it may be the time to move to a foreclosure so you can get the collateral for your loan back. Our law firm acts as foreclosure trustee in California and can file a Notice of Default on your behalf and proceed through the foreclosure process. Most importantly you will have a team of Forbearance attorneys at your disposal who can expertly guide you through the process, provide you strategic advice on how to best proceed, and if necessary defend you against any type of litigation or bankruptcy that may happen because of the foreclosure. Outside of California we partner with industry experts who can help you in all 50 states.
