Loss Mitigation and Deed-in-Lieu Services for Lenders and Servicers
ABOUT US
Tatman Legal is a full service, multi-state law firm practicing in AZ, CA, FL, OR, TX, and WA.
Our clients include mortgage lenders, credit unions, loan servicing companies, private & commercial real-estate investors.
Foreclosure Loss Mitigation at Tatman Legal
Loss Mitigation and Deed-in-Lieu Services for Lenders and Servicers
Every foreclosure file gets a loss mitigation review before the notice of default records, because a deed in lieu or an approved short sale closes faster and cheaper than a sale on the courthouse steps. We document the workout, clear junior liens, prepare the estoppel affidavit and record the deed, and the foreclosure stays on calendar until the workout closes. We serve lenders, credit unions, servicers and investors in Arizona, California, Florida, Oregon, Texas and Washington.
Deed in Lieu of Foreclosure
We negotiate and document the deed in lieu, including the estoppel affidavit, the title review for junior liens and judgments, the release or reservation of deficiency rights, and recording. Cindi Stewart, the firm’s deed-in-lieu specialist, manages the borrower contact from first letter to recorded deed.
Short Sale Approval and Payoff Letters
We review the purchase contract and settlement statement, issue the conditional approval and payoff letter, and confirm the release terms so the lender is not surprised at closing.
Forbearance and Modification Documents
We draft and record forbearance agreements, loan modifications and subordination agreements, and we confirm that the modification does not disturb lien priority.
California Dual-Tracking Compliance
For California loans we track the borrower contact and loss mitigation requirements of Civil Code 2923.5 and 2924.11 so the notice of default and the notice of sale are not challenged later.
Cash for Keys
Where the borrower or occupant will leave voluntarily, we document the move-out agreement and coordinate the property inspection and key exchange.
Questions Lenders Ask
Does a deed in lieu stop the foreclosure?
Not until it records. We keep the foreclosure on calendar and cancel it only when the deed is recorded and title is confirmed clear.
What if there is a junior lien?
We negotiate a release or payoff of the junior, or advise that foreclosure is the cleaner path.
Can you handle loss mitigation on a HUD or reverse mortgage?
Yes. See our HUD foreclosure commissioner page for the deed-in-lieu and short sale options on HECM loans.
Why Tatman Legal for Your Loss Mitigation Needs?
State-Specific Expertise:
Our knowledge of foreclosure laws and regulations in each state we serve ensures that our strategies are always compliant and effective.
White-Glove Service:
We are known for our exceptional white-glove service, ensuring top-tier performance and a high level of accountability in all our dealings.
Client-Centered Approach:
At Tatman Legal, we prioritize understanding and meeting the unique needs of each client, ensuring tailored solutions for every situation.
Proven Track Record:
With years of experience in foreclosure law, our team has successfully helped numerous clients navigate the challenges of loss mitigation.
Contact Us for Expert Foreclosure Loss Mitigation
If you are seeking proficient legal assistance in foreclosure loss mitigation, Tatman Legal is here to offer the expertise and support you need. Our commitment to providing high-quality, customized legal services ensures that your interests are protected while striving for the best possible outcomes. Contact Tatman Legal today to learn how we can assist in effectively managing your foreclosure loss mitigation needs.