Expert Legal Services for Creditors and Private Lenders

Tatman Legal is a distinguished law firm offering specialized services in second mortgage bidding and handling senior payoffs/satisfactions. Serving an extensive clientele across Arizona, California, Florida, Oregon, Texas, and Washington – all with HUD Approval and additional FNMA approval in California – our firm is adept at navigating these intricate financial processes.

Understanding Second Mortgage Bidding

Second mortgage bidding refers to the process where secondary lienholders bid at foreclosure auctions to protect their interests. When the primary mortgage forecloses, secondary lienholders often risk losing their investment. By participating in the bidding process, they can either acquire the property or ensure the sale price covers their loan.

The Process Includes:

Evaluating the Value: Assessing the property’s value to determine a strategic bidding amount.

Bidding Strategy: Formulating a bidding strategy that aligns with the client’s financial objectives.

Legal Guidance: Providing comprehensive legal advice throughout the auction process.

Senior Payoffs/Satisfactions

Senior payoffs/satisfactions involve settling senior liens on a property, often a critical step in clearing the title for sale or refinancing. This process requires careful legal navigation to ensure all liens are adequately addressed.

Our Approach:

Lien Analysis: Examining all senior liens on the property to determine the payoff amounts.

Negotiating Terms: Working with senior lienholders to negotiate payoff terms favorable to our clients.

Ensuring Legal Compliance: Ensuring all legal requirements are met in the payoff and satisfaction process.