Foreclosure Process | What Everyone Must Know
Jonathan Fly focuses his practice primarily on real estate transactions and litigation.
On the transnational side, Mr. Fly negotiates sale and financing of property, prepares the real estate documents, and closes the sale.
As a litigator, he has chaired several jury trials, numerous administrative law hearings, and has been lead counsel in nearly forty appeals. He has been lead counsel in numerous judicial foreclosure process matters, construction defect disputes, and creditor’s rights proceedings.
Originally from San Antonio, Mr. Fly practiced law in Southern California for eight years before returning home to Texas.
What you’ll learn about in this episode:
- The best situations in which to do a non-judicial 41-day foreclosure
- How many days your borrower needs to be late on their mortgage before beginning the foreclosure process
- Benefits of accelerating the loan
- Reasons to hire a lawyer to handle the foreclosure process for you
- Situations when you have to hire a lawyer due to state law
- Unusual methods for finding motivated sellers
- What happens if borrowers file for bankruptcy
- A pitfall of owner financing homes
- What happens if the borrower gets a temporary restraining order
- A potential area for investors with HOA foreclosures
- Advantages of judicial foreclosures
- What “cash for keys” is and important factors to be aware of
- A quick summary of additional types of foreclosures