Are some law firms cutting corners on foreclosures?. That simple number, from foreclosure data firm realtytrac, doesn’t tell the whole story, especially in Louzado’s case. Two different law.
· Homeowners involved in foreclosures are required to receive a summons and complaint personally delivered by a process server. Repeated attempts at personal service are required before court permission can be obtained to publish a legal notice in the alternative. Some process servers have allegedly cut corners.
Foreclosure law provides the means for a mortgage lender to take possession and sell a home when the borrower has defaulted on the loan. The money from the sale is used to pay off the balance of the loan, and the new buyer takes the home free of the mortgage.
At our bankruptcy law firm, we take pride in offering personal attention to everyone we work with. Some law firms cut corners by simply asking you to fill out a bankruptcy worksheet. Worksheets can’t listen. They can’t answer questions. They can’t get to know you. That’s why we meet every client for a face-to-face discussion.
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A former paralegal with Florida’s largest foreclosure law practice has told state investigators that the firm routinely signed court paperwork without reading it, misdated records, forged.
Some loan servicers "continue to cut corners," said David Stevens, president of the Mortgage Bankers Association. Nearly all borrowers facing foreclosure are delinquent, he said, but "the real.
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Among the snags: state law permits lenders. to questionable practices. Some loan servicers “continue to cut corners,” said David Stevens, president of the Mortgage Bankers Association. Nearly all.
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Cutting corners to struggle against foreclosure could mean subdividing the house further to take on more family members (or unrelated renters, which could be riskier but more lucrative) in the same amount of space, strategically failing to pay other bills to maintain the mortgage, and even gradually selling off the house’s contents.
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