Legal Delay- This is a stall tactic that may be a short term fix to your problem and DOES NOT STOP FORECLOSURE- ONLY DELAYS IT. The idea behind this is to find any inaccuracies in the loan documents. Look for differences between the original loan pay off and the current lender pay off, purchase price of the property, legal names on the title, land plot identification number with the county. When a loan gets sold to another lender on the secondary market, there can be major mistakes that get made with out you knowing. Often times the loan has been sold and the only way you know this has happened is that you get a new payment booklet sent to you from your new lender. During this bundling, buying, and selling of notes process, your paperwork/ file can get lost in the process. You can use this to your advantage by asking for copies that have your signature on them. This means that someone has to go a dig up your file make copies and send them to you thus causing a delay.  WE DO NOT RECOMMEND THIS TACTIC, but if you do we recommend you consult a reputable Real Estate Attorney, which can also become very expensive.
 
 
If you need more information on how we may help you navigate through this process, email or call us now!