We operate within a framework of legal requirements and industry standards to represent our clients with regards to their creditors’ rights. Our team works through the complex legal landscape governing out-of-court restructurings, state court receivership cases, foreclosures and collection matters, as well as landlord rights on matters such as evictions and buyouts.
As attorneys, our job is to anticipate complications rather than simply react to them. We collaborate with our team members in other practice areas to find solutions for our clients that are practical and efficient.
At Breza Law, we prioritize adherence to statutory timelines and procedural requirements, mitigating the risk of legal challenges or delays. If a matter cannot be resolved, our litigation team is ready to go assist in the court room.
- Advice on Alternatives
- Compliance
- Court Representation
- Documentation and Paperwork
- Negotiation Skills
- Risk Mitigation
After Foreclosure What Happens?
Following the completion of foreclosure proceedings, our responsibility extends to managing the transition of ownership and disposition of foreclosed properties. We engage in asset management activities, such as property inspections, maintenance, and marketing, to prepare foreclosed properties for sale or transfer. By leveraging our experience in real estate management and marketing, we aim to maximize the value of foreclosed assets and minimize potential losses for our company. Through proactive management and strategic decision-making, we strive to optimize outcomes for all stakeholders involved in the foreclosure process.
Foreclosing on A Property
1. Eviction
Our objective in real estate foreclosure eviction is to regain possession of properties following mortgage default. At Breza Law we adhere to the legal procedures and timelines established by state and local laws. Once a property sells at auction, we initiate eviction proceedings to remove occupants, ensuring a transition of ownership.
While we understand the gravity of the situation for former homeowners, our commitment lies in safeguarding the interests of our investors and stakeholders. We approach each case with professionalism and diligence, striving to resolve matters swiftly and with minimal disruption to all parties involved.
2. Transactions/REO
Our involvement in real estate foreclosure extends to managing Real Estate Owned (REO) transactions following the completion of foreclosure proceedings. REO properties are those that have failed to sell at foreclosure auctions and thus reverted to the ownership of the foreclosing entity. Our primary objective in REO transactions is to maximize the value of these properties while minimizing holding costs. We undertake a thorough assessment of each property, considering factors such as market conditions, property condition, and potential renovation needs. Leveraging our experience in real estate management and marketing, we develop strategic plans to optimize the disposition of REO assets.
3. Title Curative
Title curative measures are meant to resolve any title defects that arise during the foreclosure process. Title curative efforts ensure the marketability of foreclosed properties and facilitate their transfer to new owners. We undertake a comprehensive review of property titles, identifying and addressing issues that might impede the clear transfer of ownership. Some of these items may include outstanding liens, resolving boundary disputes, or curing defects in the chain of title.
