From losing all equity to being able to resell for profit.
Costa Mesa, Calif., USA, Aug. 16, 2022 /EINPresswire.com/ — Mrs. J. Denson of Los Angeles, Calif. was on a highly unsustainable mortgage that was only exacerbated by the recent pandemic. She could not get her lender to help her voluntarily fix her own loan. Also, she was unable to get a sustainable monthly payment as she was denied refinancing due to the default status of her mortgage.
After several successful delays and postponements of her trustee sale, her private money lenders proceeded with the trustee sale auction to third-party buyers, owing them a mere $479,262.45. made a final decision on an amount greater than However, she suddenly lost 100% of all the shares she had accumulated since acquiring the investment property in 2011. In action at his courthouse in Pomona on July 12, 2021 at 11am, the auctioneer’s hammer was sold to the highest bidder.
Luckily for Mrs. Denson, she reached out to the nonprofit Consumer Advocates Alliance. This, her 501 C3 federally registered non-profit legal clinic focused on homeownership preservation and affordable housing, not only immediately assessed her entire situation, but also the I also got help. Senior Legal Services Director, Consumer Advocacy, Lawyer Fernando Leone. An experienced state bar licensed real estate attorney with 27 years of experience.
Between lawyer Fernando Leone and a few of the experienced Alliance members of the Nonprofit Clinic, they quickly developed a strategic plan for the trustee sale in hopes of preserving and preserving the investment property within the family. Alternatively, if the trustee’s reverse sale was successful, but did not lead to more sustainable monthly payments, she could at least remove the foreclosure from her profile, and she would have the property herself. can be sold and hopefully converted. Earnings as a bonus.
While there are no guarantees of results, Attorney Fernando Leone and his volunteer staff are committed to Consume, an experienced foreclosure defense and fraudulent foreclosure law firm run by CEO and Managing Attorney Anthony Cara. With the help of a lawyer’s legal group, his paralegal quickly filed legal documents and litigation in state court.
On January 6, 2022, the trustee’s cancellation was confirmed official and the property was returned in Mrs. Denson’s name. Unfortunately, the trustee’s sale was reversed, but the mortgage payments were still unsustainable. Yet, not only did she avoid her full foreclosure, but as a bonus, she pocketed her previously lost stock. On March 14, 2022, she completed a sale transaction to the purchaser of the same property listed for her $640,000.00.
Mr. J. de la Vega
NonProfit Alliance of Consumer Advocates
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