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Last week, we received a Notice of Sale from a foreclosure…

Last week, we received a...
Last week, we received a Notice of Sale from a foreclosure company owned by Bank of America. The sale date is 9/16/11. I just found a company specializing in foreclosure delays. What is a reasonable fee to engage such a company? Also, we have been working patiently with the bank for a loan modification. We were told that we would qualify through the Fannie Mae program, but still after months, we have not heard from the underwriter. Are they using delay tactics? If we hired a real estate lawyer, would we be able to negotiate a payment with the lender (Bank of America) and prevent foreclosure?
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Answered in 1 minute by:
9/1/2011
Dimitry Esquire
Dimitry Esquire, Attorney
Category: Real Estate Law
Satisfied Customers: 41,221
Experience: JA Mentor, multiple jurisdictions, specialize in business/contract disputes, estate creation & admin
Verified
Thank you for your question.

Just to be clear, this is not a law firm but a company? Did you check them via the Better Business Bureau to check out their ratings?
Ask Your Own Real Estate Law Question
Customer reply replied 6 years ago
I did not check BBB. I found the company VeriTrust, www.veritrustusa.com through google.
Thank you for your follow-up.

I just went ahead to check the BBB and found no trace of them, which is a very troubling sign. There are very few companies that do this sort of service well, so few that I generally do not suggest it as an option and instead suggest retaining an actual attorney to assist you. The fact they are not listed makes it much more likely that they are not reputable or competent.

As for delay tactics from the bank, it may be possible especially if your home is in a location that has good values on property. That is likely why obtaining counsel is a very good idea since an attorney typically knows how to push such a claim forward faster.

Good luck.
Dimitry Esquire
Dimitry Esquire, Attorney
Category: Real Estate Law
Satisfied Customers: 41,221
Experience: JA Mentor, multiple jurisdictions, specialize in business/contract disputes, estate creation & admin
Verified
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Category: Real Estate Law
Satisfied Customers: 41,221
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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