Prepaid Legal Service’s Top 5 Request Categories.
Posted by Cliff Tuttle © 2010
A large prepaid legal service provider, Prepaid Legal Services, Inc., published its list of the top 5 categories of requests for its services last year. They are:
Real Estate, Landlord/Tenant Issues and Foreclosure – Approximately 358,000 requests for legal services that include residential and commercial real estate transactions, landlord and tenant issues [...]
Landlord & Tenant: Foreclosure Update
Posted by Cliff Tuttle, (c) 2009
Under Public Law 111-022, signed by the President on May 20, 2009: In the case of any foreclosure on a federally-related mortgage loan or on any dwelling or residential property, it is reported that the tenant is entitled to remain for 90 days if there is no written lease or [...]
Landlord-Tenant: When Your Landlord Faces Foreclosure . . .
You may discover, by the way, that the lender is quite happy to collect the rent and is in no hurry to foreclose. This situation has been turning up lately, since the real estate market is terrible and any lender would just as soon not own another rental property, at least not just yet. Some will give the borrower some time to find a buyer and (Glory Halelluia!) pay off the loan.
Allegheny County Mortgage Foreclosure Mediation Begins: A Shift in the Balance of Power.
That won’t be happening anymore. The lender’s representative is now required to explain himself before a judge. The power equation has shifted. The judge has the power to refuse to permit the foreclosure to proceed. If he hears about a case going to foreclosure despite a forbearance agreement, he can right that wrong. If he hears that a borrower can make payments under a reasonable plan, he has the power to make it so.