Default Services

Foreclosure
We are proud to represent institutional and private lenders in the reclamation of titled assets. We maintain attorneys who are well versed in replevin, attachment and foreclosure. In fact, the foreclosure department represents the lender in the reacquisition of real estate assets, resale of those assets in it's "REO" department and pursues deficiency judgments in effort to make our clients whole.

The firm handles both contested and uncontested foreclosure matters, including assisting with loss mitigation services and mediations. We are committed to being a full service firm that can handle the wide range of issues that arise in default servicing.

Bankruptcy
During the pendency of many foreclosures, the homeowner will file bankruptcy. A major part of the firm's practice includes representation of mortgage lenders and servicers in Chapter 7, 11 and 13 bankruptcy proceedings. Upon receipt of notice of a mortgagor's bankruptcy filing, we immediately notify the servicer of the pertinent bankruptcy information and await written instructions from the servicer before proceeding in the bankruptcy forum.

Post-Sale/Eviction
Our Post-Sale and Eviction Departments manage the steps necessary to move a foreclosed property, occupied or not, out onto the market. Judgments prepared by our firm contain a provision directing the Clerk of Court to issue a writ of possession upon application of Plaintiff and without subsequent order of the court. In order to expedite the process, judgments prepared by other counsel, if need be, are corrected by our firm to reflect same. Our firm immediately notifies the servicer of the scheduled eviction and lockout date for all matters. Most notably, our Eviction Department has established key relationships with a network of attorneys that, collectively, expedite processes and keep costs as low as possible.

REO/Closing
Oak Ridge Title, Inc., provides a “one stop shop” for your REO closings. REO Title Reports, Title Insurance, Closings, and Title Resolution issues are available through a single source.

Oak Ridge Title, Inc. customized the work flow process specifically to REO closings. We immediately recognize title issues and begin the curative process. We interact with Asset Managers, Buyers, Sellers, Agents, Brokers and Foreclosure Attorneys to ensure all parties are working toward closing the property as efficiently as possible.

We have on staff Title Experts and Foreclosure Attorneys.

Loss Mitigation
Elizabeth Wellborn, PA has a team of professionals that are educated on the latest Loss Mitigation programs. This department assists our clients in providing alternatives to foreclosure; promoting home retention and protecting the interest of our clients. We work within the guidelines provided by each servicer to promote all available options.

Any borrower that wishes to discuss their options should contact our loss Mitigation Department at 954-354-3544 or email to Lossmitigation@erwlaw.com.