ABCs of Foreclosure
We have assisted hundreds of people that hold mortgages, liens or other types of security foreclose when the debtor defaults on the loan…
The process has complex rules that you cannot afford to violate. If you aren’t careful, you will be forced to pay the debtor’s attorney’s fees. But we have a system that will ensure accuracy and will be as expeditious as possible. Click on the links below for a discussion of this process.
Foreclosure is the proper remedy for repossession of real property by a mortgagee or lender upon default on the underlying note obligation by the mortgagor or borrower. The two basic underlying documents relevant to the transaction are the actual promissory note and a deed of trust.
The note describes terms of repayment of the debt obligation. The deed of trust is the document that establishes the security interests of the mortgagee in the subject property. All foreclosure remedies will be described in certain provisions of the deed of trust. The remedies will not be triggered until the mortgagor commits an act of default as described in the deed of trust.