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 can 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.
sajLAW recommends that you 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, sajLAW recommends that you not follow any advice suggesting that you should stay in the home as long as possible to simply avoid making your monthly mortgage payments, as this strategy could significantly deplete or eliminate any equity you may have accumulated in your home. sajLAW can assess 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 during the pendency of your foreclosure case. Although each strategy presents relative merits, keep in mind that the progressive evisceration of equity in your home during the pendency of the foreclosure action could result in the less-than-optimal outcome of ultimately losing possession of your home with no possibility of a prejudgment equity-based sale.
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.
sajLAW recommends that you 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, sajLAW recommends that you not follow any advice suggesting that you should stay in the home as long as possible to simply avoid making your monthly mortgage payments, as this strategy could significantly deplete or eliminate any equity you may have accumulated in your home. sajLAW can assess 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 during the pendency of your foreclosure case. Although each strategy presents relative merits, keep in mind that the progressive evisceration of equity in your home during the pendency of the foreclosure action could result in the less-than-optimal outcome of ultimately losing possession of your home with no possibility of a prejudgment equity-based sale.
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. Regardless of whether 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 hundreds of foreclosure cases during the past 15 years has prepared SAJ to assist you in choosing the most optimal strategic approach to your foreclosure case.
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.