Mortgage lenders increasingly seek efficient methods of recovering as many costs as possible when bringing foreclosure actions against defaulting borrowers. Lending banks may specifically request deficiency judgments in pleadings pertaining to a mortgage foreclosure action. In other cases, the court may order that a deficiency judgment be granted after a short sale.
Obtaining a deficiency judgment award through litigation is one thing. Collecting on the deficiency judgment is another. In complex and high-asset cases, sophisticated methods may be required, including audits, writs of attachment, repossessions and contesting discharges in bankruptcy. For reassurance of the greatest chances at success in deficiency judgment-related litigation, mortgage lenders and their attorneys look for aggressive, knowledgeable commercial collection law firms such as The Law Offices of Ronald P. Slates, P.C..
The Law Offices of Ronald P. Slates, P.C., has a verifiable track record of favorable outcomes in collections following deficiency judgment court orders. Quite a few California mortgage lenders turn to lawyers of The Law Offices of Ronald P. Slates, P.C., in order to save time and maximize recovery of financial assets through foreclosure actions.
Our Los Angeles commercial collections law firm welcomes inquiries from mortgage lenders as well as from real estate litigation law firms involved in foreclosure actions. We routinely handle cases in which there is insufficient equity in a real property to deliver the desired value through foreclosure. Taking back a commercial property and selling it on today's market often leaves the lender facing a substantial loss. To combat this undesirable outcome, contact The Law Offices of Ronald P. Slates, P.C.
Whether in connection with non-judicial or judicial foreclosure actions, commercial lenders can trust The Law Offices of Ronald P. Slates, P.C., to act in the client's best interests at all times.
Serving Los Angeles, Beverly Hills and Beyond · Mortgage Foreclosure · Short Sale Law · Deficiency Judgment Collections
Learn how our law firm can facilitate and expedite collection of deficiency judgments. Contact us to schedule a consultation with an experienced and knowledgeable Los Angeles deficiency judgment attorney.
