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The Sooner Your Lawyer Jumps Into The Fray The Better - Reyes Law Group

The Sooner Your Lawyer Jumps Into The Fray The Better

 

As we have mentioned in the past, the lending debacle covers a wide range of issues – how loans were structured, how they were sold, what happened to them once sold, how they were assigned multiple times and the legality of that process, and more.  Fortunately, along the way, we saw courts start to stem the flood of foreclosures due to faulty affidavits, defective assignments, “robo-signors”, and more!  As a result, this has led to and has laid the foundation for the largest financial crisis of our lifetime.

All that said, what’s the single biggest mistake homeowners make and the lesson to learn?  Too many homeowners call for legal help way too late in the process, so much so, that many times they waive their best defenses or limit the tactical moves their attorney can make if only they had been called into the case sooner.  The lesson here is that the sooner your lawyer jumps into the case on your behalf, the better the odds of your “managing the situation”.

One simple example can demonstrate how lenders can be “motivated” to settle.  It is statistically true that 95% of all litigation cases get settled.  Why?  Because the high cost of litigation drives the parties to negotiate and reach settlements. This statistic does not include mortgage foreclosure cases because most lenders have fixed fee arrangements with the foreclosure mills. That means whether it takes them 6 month or 2 years to foreclose on you, it costs them no more money so there is no incentive to settle.  By contrast, when a case becomes contested (meaning you have a lawyer appear on your behalf to fight the case), it now costs the lender more money to prosecute the foreclosure through their firm. As a consequence, this increases the chances of a settlement that actually makes sense.  Palm Beach chief judge Peter D. Blanc has noted that some folks believe judges are quick to rule in favor of the banks, but Blanc said the judges have no choice because homeowners aren’t showing up in court to defend themselves. When served with your papers, go find a mortgage foreclosure defense lawyer immediately. Generally, it’s well worth the investment.

The RLG motto is we help our clients “defend your property, preserve your rights”.  As the principal for RLG, I vow to ensure that our motto isn’t merely words on paper, but a commitment to bring our expertise and passion to your case. Today, more than ever, contacting a FORECLOSURE DEFENSE LAW FIRM who understands the process and the objective can help you aggressively litigate your case, negotiate your loan modification and/or successfully close your short-sale transaction.  In the end, you too deserve a passionate voice to help you defend your property and preserve your rights!

Carlos J. Reyes  is the Principal of Reyes Law Group. He has been a member of the Florida Bar since 1988 and practices state-wide.  Carlos has been awarded a rating of “AV Preeminent” which is the highest possible rating in both legal ability and ethical standards by Martindale-Hubbell – a well-recognized legal resource. The RLG Legal Team also include attorneys Stephan LopezMelissa J. UlloaPhillip A. Ortiz and the RLG Legal Support Team to bring you a dedicated, experienced and dynamic legal team to handle your legal needs.

We also assist clients in the areas of: Civil LitigationReal Estate LitigationResidential Purchase & SalesCommercial Acquisitions & SalesResidential Landlord-Tenant LitigationCommercial Landlord-Tenant LitigationShort Sales NegotiationsLoan ModificationsCriminal DefenseCivil Rights ClaimsFamily LawCorporate Work, and Labor & Employment Law.

Call us for a FREE consultation at (954) 369-1993  Se Habla Español.

Visit our firm website ReyesLegal.com and review our credentials.

We are located at 150 S Pine Island Rd #210, Plantation, FL 33324

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The Reyes Law Group BLOG is intended to provide information to firm clients, friends and potential clients about various legal related topics. Nothing in this BLOG should be construed as legal advice or a legal opinion. Readers should not act upon the information contained in this BLOG without seeking the advice of legal counsel.

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Written by Reyes Law Group