Equitable Realty and Services

Attorneys are killing the homeowner vision of acceptable workout solutions

There are many attorneys that are just involved in what is being coined as "Foreclosure Postponement Law" frivolous lawsuits against the banks and trustees or using bad techniques with shell corps in chapter 11. They know full well that they are only effective toward delaying the inevitable. These attorneys are killing the homeowner vision of acceptable workout solutions. Also I would challenge any attorney who is doing home loan modifications to stay in strict compliance with CA SB 931 even though they aren't entirely subject to it. We are attorney and broker based and will not charge until the modification is done. We've done it long enough that we can pre-screen with our knowledge of each investor's guidelines. We wont take it on unless we think it will get done. If for some reason it can't, we feel it is a disservice to the homeowner to keep fighting a losing battle. We'll screen for any bank errors before making a determination of resubmitting. If an agent has brought the homeowner to us we will then return them to do a short sale with that agent. There is enough business in being responsible and identifying the probable from improbable for homeowners. Business owners should be thinking about putting the client in the best possible situation to rebuild, it will only cultivate more return business.