What about foreclosure if a borrower fails to pay?

Each State, and sometimes each county in a State, has specific laws that spell out the rights of a note holder, as well as how to proceed with foreclosures.

To ensure that everything is done correctly, I work with a network of foreclosure attorneys around the country who understand the nuances of these laws.

So, if your borrower fails to pay and you decide to move forward with a foreclosure, myself and my network of attorneys will handle everything for you.

Please keep in mind that the foreclosure process can take anywhere from 60 days to 2 years, depending on the State and county that the property is located in.

Also, foreclosure costs generally cost about $1,500 – $5,000. Once again, the variance has to do with the rules of each State and county.

NOTE: foreclosure is just one course of action when a borrower fails to pay. I will go over all your options with you so that you can move forward with the choice that works best for you.