Lenders – We represent banks and other lenders who hold promissory notes, filing foreclosure actions on their behalf on the property that secures that debt. This work, which we also do in owner-carry financing situations, includes filing the appropriate paperwork with the public trustee, ensuring title documentation is in order, alerting all junior lien holders, and managing the foreclosure legal process in every detail.
Borrowers – Once a lender files a foreclosure action, a borrower has little recourse unless they can prove they are not in default or that they were on military duty during the period of nonpayment. That’s why we encourage borrowers to come to us if they suspect their lending arrangement is heading toward default, so we can try to negotiate a resolution on their behalf with a loan modification, short-sale agreement, or other approach.