Sufficient equity in your property
If you have sufficient equity in your home to support a prejudgment sale of your property, it makes sense to aggressively defend your foreclosure case because you need time to allow sajLAW to pursue an expeditious sale of your property for the highest possible sale price.
An aggressive defense of your foreclosure case by sajLAW will provide the time necessary for sajLAW to seek and obtain the highest possible market value for your property, thereby maximizing your financial return from the sale of your property. If you have sufficient equity in your home to allow for a prejudgment sale of your property, you may qualify for a fee agreement with sajLAW that will require no payments for legal fees until the time of closing related to the pre-judgment sale of your home.
At the closing, in addition to paying your legal fees and costs to sajLAW related to the defense of your foreclosure case, you will receive a lump-sum payment from the equity resulting from a sale amount that exceeds the amount you owe to lenders that is secured by your property. However, you need to act quickly to recover the highest amount possible from a prejudgment sale of your property. Inflation forecasts suggest that our economic conditions may worsen over the next few years, which would predictably reduce the market value of your property during the time your foreclosure case could potentially remain active.
Only retain a law firm that not only represents you before the Court, but also represents your best interests in pursuing the most optimal outcome for you and your family at this difficult time. If sajLAW determines that you have sufficient equity in your home to allow you to receive a lump-sum payment at the closing of a prejudgment sale, DO NOT follow any advice suggesting that you should stay in the home as long as possible to simply avoid making your monthly mortgage payments. Our firm can provide you with a detailed analysis of the relative costs and benefits of (1) pursuing a prejudgment sale of your property with a resulting lump-sum payment at the sale closing, or (2) continuing to reside in your home for an extended period of time while not making any mortgage payments. Although each strategy presents relative merits, keep in mind that the elimination of equity in your home over time is likely to result in the less-than-optimal outcome of losing possession of your home with no possibility of a prejudgment equity-based sale. It is important to consider the possibility that, the longer your case remains in active litigation, the more money your attorney or law firm will potentially make by billing you for their legal fees.
At the closing, in addition to paying your legal fees and costs to sajLAW related to the defense of your foreclosure case, you will receive a lump-sum payment from the equity resulting from a sale amount that exceeds the amount you owe to lenders that is secured by your property. However, you need to act quickly to recover the highest amount possible from a prejudgment sale of your property. Inflation forecasts suggest that our economic conditions may worsen over the next few years, which would predictably reduce the market value of your property during the time your foreclosure case could potentially remain active.
Only retain a law firm that not only represents you before the Court, but also represents your best interests in pursuing the most optimal outcome for you and your family at this difficult time. If sajLAW determines that you have sufficient equity in your home to allow you to receive a lump-sum payment at the closing of a prejudgment sale, DO NOT follow any advice suggesting that you should stay in the home as long as possible to simply avoid making your monthly mortgage payments. Our firm can provide you with a detailed analysis of the relative costs and benefits of (1) pursuing a prejudgment sale of your property with a resulting lump-sum payment at the sale closing, or (2) continuing to reside in your home for an extended period of time while not making any mortgage payments. Although each strategy presents relative merits, keep in mind that the elimination of equity in your home over time is likely to result in the less-than-optimal outcome of losing possession of your home with no possibility of a prejudgment equity-based sale. It is important to consider the possibility that, the longer your case remains in active litigation, the more money your attorney or law firm will potentially make by billing you for their legal fees.
Over three decades of membership in the Florida Bar as the managing member of a small private practice of law teaches an attorney many lessons. One of those lessons is that focusing on your client's best interests is exponentially more meaningful and rewarding than focusing on the revenue generated by your law practice. Even if sajLAW makes less money in legal fees by pursuing an expeditious sale of your property for the purpose of obtaining a lump-sum payment of equity at the closing, we will forever be dedicated to representing your best interests. SAJ's extensive experience in representing Florida homeowners in over 470 foreclosure cases during the past 15 years has prepared him to assist you in choosing the most optimal strategic approach to your foreclosure case.
2. If you have insufficient equity in your home to justify a prejudgment sale of your property, your need time to prepare and pursue a strategic plan to reestablish your financial stability going into the future.
[AGGRESSIVE DEFENSE]
[GREAT RECESSION]
[COVID-19 FORECLOSURE CRISIS]
If you need legal representation in a mortgage foreclosure action that has been filed against you, , Contact sajLAW today to communicate directly with S. Alan Johnson, Esq. Thank you for your kind consideration of our firm.