Ben Hillard and the team at Castle Law Group are featured in the latest issue of the Attorney At Law Magazine – Great Tampa Bay Edition.
In the article (which starts on page 15) Ben describes the politics, economics, and personalities behind the 2008 economic crisis. Which include:
This had lead to people who could not realistically pay back their mortgages. When the financial crisis hit, many people were faced with foreclosures, and also the risk of deficiency judgements.
While Ben realizes that the thought of loosing your home is emotionally draining, it is important not to ignore the foreclosure lawsuit. “Your best opportunity to avoid a deficiency comes through aggressively defending the lawsuit.”
Ben’s background in banking gives him a unique to do this since he understands loss-reserves, lending capital, underwriting guidelines, and the lender’s role in creating the real estate bubble.
All of these factors have helped Castle Law Group wipe away more than $60 million in total debt since 2008.
But the work is not done. Ben expects an upswing in banks going after people for deficiencies.
The post Castle Law Group Featured in Attorney At Law Magazine appeared first on Castle Law Group.
Defending a foreclosure suit can provide not only legal leverage but also time to get a loan modification, to conduct a short sale or to avoid a deficiency.Learn More
A deficiency judgment can last up to 20-years unless paid or otherwise resolved. A deficiency judgment can be a lien on all non-homestead real estate and other assets.Learn More
Even if you perfectly “qualify” the lender does not have to modify your particular loan. Lenders cannot modify everyone’s loan; it’s simply not economically feasible.Learn More
Short Sale Consulting
Castle Law Group helps clients decide if a short sale is right for them by explaining the risks and potential rewards relative to our clients’ unique financial situation.Learn More
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