Blacklisted, Judgments, and Defaults
Many prospective home buyers are referred to attorneys by estate agents because of the buyer’s credit status and subsequent inability to obtain a home loan.
By the time the client reaches the attorney, he has already found his dream home and signed an offer to purchase. He is in a hurry to get his name cleared so that he does not loose the property to another buyer by the time the offer to purchase reaches it’s cessation.
What one needs to understand, is that there is a long process involved in removing black listings. Each case differs from the next, and needs to be investigated before the client can be informed of how long the process will take. The cooperation of all the parties involved, is critical to ensuring that the process is dealt with in as shorter time as possible.
These parties are/or may include:
- The client;
- The parties that have blacklisted the client;
- The courts, in the case of judgements
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