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GT Lockbox is a “Litigation Support Services” Company. Disclaimer: We are not Attorneys and nothing in this website shall be considered or construed as legal advice. If you have any questions concerning the legal sufficiency, legal effect, insurance, or tax consequences regarding any real estate or other matter, consult with your attorney, accountant, insurance agent, tax or other appropriate professional. Information and examples used in this website are for educational purposes only.
DISCOVERY
THE GATHERING AND UNDERSTANDING OF AVAILABLE DOCUMENTS: STEP-1 "LEARN" Always remember… “The truth is in the documents and the remedy is in the law”. Like a road map, your documents will lead you to your destination!
The gathering and understanding of available documents is a priority.
Homeowners who are considered a Ticking Time Bomb vs. Fraudclosure still need to do the same thing, for example:
a “Ticking Time Bomb” is... A homeowner who is severely upside down (a homeowner who owes far more on their mortgage than the home is worth) and still current with their mortgage is considered to be a “Ticking Time Bomb”. This type of homeowner exists by the millions and most are learning that life’s events will eventually pull them into a crisis of financial ruin unless they do something now. Unfortunately some will choose to do a Strategic Default and just walk away, perhaps one of the worst choices anyone could make.
Versus
a “Fraudclosure” is... A homeowner who is facing a Notice of Trustee Sale or Sheriff’s Sale and is in imminent danger of losing their home is considered to be involved in a potential “Fraudclosure” and often does not know who, what, where, when, why or how any of this is happening. read... Our Constant Reminder
In considering the above example it is easy to see that both situations are very different and it should be known that all situations are unique. Regardless of what stage you are in regarding the housing crisis, what is common among homeowners is the fact that most lack guidance and understanding of what it is they need to do first. read…Making Smart Decisions
THE GATHERING AND UNDERSTANDING OF AVAILABLE DOCUMENTS: Step-1 "LEARN" |
