Foreclosures

Dumas & McPhail, LLC, assists real estate secured lenders in successfully completing foreclosures, evictions and REO closings. We focus on maximizing recovery through foreclosure or alternatives such as forbearance agreements, deeds in lieu of foreclosure, loan modifications, favorable settlements or consent judgments. We also have the ability to collect deficiency judgments.

We communicate with clients through various vehicles including direct connectivity and e-mail. Our fees are in accordance with the guidelines established by Fannie Mae, Freddie Mac, the U.S. Department of Veterans Affairs and the Department of Housing and Urban Development.

Our foreclosure and eviction services include:

Foreclosures
• Obtain & review title exams & policies
• Process foreclosures
• Resolve bankruptcy & probate issues
• Arrange for receivership when beneficial
• Handle title insurance claims
• Pursue collection of deficiency judgments

Evictions
• Process evictions
• Negotiate solutions such as cash for keys

Alternatives to Foreclosures
• Negotiate & prepare forbearance & loan modification agreements
• Arrange for deeds-in-lieu of foreclosure
• Facilitate reinstatements, payoffs or other settlements