FRIVOLOUS DEFENSE TO FORECLOSURE CAN COST BORROWER $$$

Hello Richard,

  Interesting post, I recommend to all my clients that they have a good Attorney to represent them in there  foreclosure or short sale,

Just 2 days ago, our local paper ran an article, talking about attorneys practicing outside the scope of their expertise. The article cited bankruptcy and foreclosure mitigation specifically.  With the down economy we are facing, many attorneys are looking outside their area of expertise, in hopes of making a few bucks.  The AZ Bar Association is aware of this, and frowns upon it big-time.

The article goes hand-in-hand with what you just wrote.  Finding an experienced attorney with a proven track record is a must when dealing with foreclosures/loss mitigation.  Excellent read, as always!

Richard,

Excellent blog post. There are too many ills running here. Some just offer to drag it for years for just $400 a month

Congrats on the feature

Richard- The judges will allow for time to close on a short sale all day long if you have an offer in hand and the homeowner shows the court that they are really trying to get to closing and not just stay in their house without paying. I know the Mr Korte quite well and I know this is what his office most often does. And I will leave it at that.I wonder what they will do now with their thousands of cases they do this with. You are right, it is no different than when the shoe is on the other foot legally. Katerina

Richard, thanks for keeping us updated on with short sales and foreclosure in the Legal system

Maybe this, along with the banks' reconfiguring for better response time, will help move some of these properties off the fence and start getting them cleared, so we can stabilize the market and get things moving again.

I read your other post too. This should be a warning to homeowners who could end up with more financial troubles than they started with.

I read about this case in the papers.  There's an awful lot of 'lawyers' out there now promising homeowners some results that just doesn't seem to be legitimate.  I like the old adage, if it sounds too good to be true, it probably isn't.

Good post.  Many homeowners believe that they can delay, delay, delay and have zero consequences to not paying the mortgage for 2 or more years.  I have a few short sellers to share this with.

I could not believe that there are only 9 comments. It is so important... I see some crap generating tons of comments, while it is often much ado about nothing, but agents not learning what is important?

I am reblogging it

Richard,  I have to thank Jon for the reblog!  And, he is correct, I cannot believe this was not featured as you have provided some very valuable information for consumers listening to some of the flakey advertisements I hear in the SoCal area!  Thank you for the opportunity to reblog.

I like the fact that there a sanctions for frivolous law suits.  We need more of those in this country.

Richard the ones that get me are the attorneys who charge $500 or so a month just to prolong things. When in fact they are just postponing the inevitable or giving false hope of a loan mod.

Hi Richard,   Very interesting post.  Hopefully some of these abuses and the penalties for them will dissuade others from this tactic.  Well done !

Richard - I've linked this on my FB business page, as I have many of your articles. Do you cover the whole state of Florida?

I'm with Jon....

Too many distressed homeowners are hanging their hopes on the very slim chance that their mortgage deed isn't properly recorded or that the AG will make those nasty banks go away. Very, very unrealistic.

The scam artists that advertise "STOP FORECLOSURE" are also the culprits in these cases.

It is so easy to promise a desperate person the hope they want to hear.Sad that there so many willing to do it.