We offer complete legal representation for clients with mortgage, real property sale contracts, judgments, construction, mechanic’s and other liens against real property. From demand, pre-suit workouts, filing of a lawsuit, appointment of a receiver, all the way through Sheriff’s sale and eviction if necessary, we can assist every step of the way.
Complying Carefully with Foreclosure Law
Indiana foreclosure law requires that certain procedures be followed precisely in order to properly effectuate a real property foreclosure. Fail to follow these procedures can result in a defective attempt to gain the property, and, in some instances, may give rise against a claimant seeking foreclosure.
As Indiana foreclosure lawyers, we have foreclosed upon thousands of properties on behalf of our clients. We are not only experienced in fully complying with all required procedures, we have also developed internal foreclosure processes to minimize client cost and expedite the foreclosure process.
Deed In Lieu of Foreclosure
In some cases, such as a home that is about to be foreclosed upon, the debtor may be willing to provide a Deed in Lieu of Foreclosure, whereby the title to the property is legally transferred to the lender (such as the bank holding the mortgage). We assist in representing lenders in these circumstances by advising them as to whether this option makes sense, and if it does, preparing the necessary documentation for title transfer.
A Deed in Lieu of Foreclosure may not make sense in all circumstances, such as if there are other known or potential lienholders. If other lienholders exist (or may exist), it may be preferable to undertake a judicial foreclosure to make sure that other lien interests are terminated. We help creditor clients determine what approach will make sense based upon the facts of a case.