REO (Bank Owned) Sales and Foreclosure
HoganWillig has a long history of providing closing settlement services to national asset managers such as HomeSteps® by FreddieMac, PHH Asset Management, and Burrow Closing Management Corporation. These companies maintained, marketed, and sold residential properties which had been taken over by lenders pursuant to mortgage foreclosures. HoganWillig provided title, settlement, problem solving, and closing services to these asset managers and has additionally represented national and regional lenders such as Bank of America, First Niagara Bank, Bank of Akron, and Evans Bank. For Lenders, HoganWillig handles the underlying foreclosure action as well as providing a “one stop” contact for clients during the loss mitigation, foreclosure, and REO sale phases.
Our lawyers provide the full range of post-foreclosure services, including:
• Preparing contracts for sale
• Analyzing, clearing, and issuing title insurance
• Providing general closing services
If needed, we can provide maintenance, monitoring, and marketing services.
HoganWillig has also provided negotiation and contract drafting services at Foreclosure Auctions in the Western New York area.
We welcome any inquires for settlement services or foreclosure representation nationwide from institutional lending entities, or from individuals who might only have a single property in New York State. Conducting a sale of a mortgage foreclosed property is very different than the usual home sale transaction, and our real estate group, consisting of real estate property attorneys and mortgage closing paralegals have extensive expertise!
- March 23, 2020