Facing Foreclosure? How To Get More Time AND Money In Your Pocket

by | Mar 8, 2012 | Firm News

As if being foreclosed upon isn’t traumatic and stressful enough, that anxiety is unnecessarily compounded exponentially when the foreclosing lender mishandles the very sensitive transition when the borrower must eventually vacate the property. Unfortunately, that is exactly what frequently happens. The sad part is that many property owners don’t know when they’re being taken advantage of and needlessly suffer in silence. Read what happened when one owner decided to fight back and how we got him the time AND money he needed to move on with his life with dignity.

I usually tell these actual case study stories by laying out the problem, the solution and the results, followed by the client explaining, in his or her own words, what the result meant to them. In this particular case, the client explained each of these aspects of his situation so succinctly and eloquently, in his thank you note to me, I decided simply to reprint his “testimonial” verbatim (as always, with his advance permission):

“To Whom It May Concern:
The mountain of foreclosure properties has created a new industry servicing the banks’ repossession efforts. These people may be new to the banking or real estate world and are often misinformed about the very process that stands between you and your freedom. In my case, the bank sent both a lawyer and a real estate broker, working independently to settle possession of the house.

The broker and lawyer had conflicting information and requirements. Ultimately, I was told I had three days to vacate my home or face eviction.

Jeff changed the three days to three months AND got me an amicable “cash for keys” Settlement Agreement. The money allowed me to pay moving expenses and the down payment on a new place to live—but most importantly the agreement protected me down the road.

Days later, the broker required me to sign forms for the hand-off. However, his standardized forms were redundant to the Settlement Agreement and would have actually hurt my future rights and financial future. According to the broker, it was the only way to get the house settled, since it was how he had always done it. I had to sign bad legal docs. The bank’s lawyer had nothing to add, and turned out to be rather ignorant about the situation and my rights.

Jeff stepped back in, bypassing the broker, and caused a document to be created that cemented my freedom from the bank.

Hiring Jeff saved me immeasurable stress, time, and money. I recommend him without hesitation as a caring, experienced, and tenacious lawyer to have on your side. (Emphasis added).

Thank you,
Neil Tanner”

Testimonials or endorsements do not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter.

If you are facing foreclosure, we know how hard it can be. We deal with these problems every day. We’re here to help. You owe it to yourself and your family to find out your rights and, when it makes good economic sense, to fight for them. You might be surprised at how little it costs to get what you deserve. Call me today to confidentially discuss your unique situation. And, if you know anybody struggling with foreclosure, forward this post to them. They need this information and will thank you for it.

Lerman Law Partners, LLP Logo

PARENTS, HOMEOWNERS AND REAL ESTATE INVESTORS

WE ARE HERE TO HELP!

You have Successfully Subscribed!