Home » Law Enforcement Articles » Miami Real Estate Lawyers Defeat Scary Foreclosure Monster
Miami Real Estate Lawyers Defeat Scary Foreclosure Monster
Austin Nowakowski, Esq., of Ferrer Shane PL in Miami, with his trial advocacy and perhaps a stroke of good luck, has defeated what we call the Scary Foreclosure Monster.
MIAMI, FL, August 18, 2011 /Law Enforcement PR News/ -- Lot 7, Block 1 Now Owned Free and Clear
Austin Nowakowski, Esq., of Ferrer Shane PL in Miami, with his trial advocacy and perhaps a stroke of good luck, has defeated what we call the Scary Foreclosure Monster. We call it that because it's easier to say than the name of the thing that tried to foreclose on the Morales family, Austin's client.
The thing was called the HIS Asset Securitization Corporation Mortgage Pass-Through Certificate 2006-HE1 (a.k.a. "Scary Foreclosure Monster"), and the monster was evidently so intent on foreclosing on the Morales family - on snatching away their home - that it violated its own rules against taking mortgage notes from one place to another.
The Morales Family
The Morales family bought their home in 2006, taking out a mortgage with WMC Mortgage Group. Then, as has happened to more and more hard-working Floridians, the Morales family fell behind on their mortgage payments.
If you haven't followed the news lately, it's enough to say that the housing crisis - as well as the economic downturn as a whole - was caused in part by shady mortgage lending practices.
In 2008, long after the Morales family's mortgage had been sold and resold, packaged and repackaged, and sliced and diced into groups of thousands of mortgages that could be sold as "investments," along came an entity that claimed to own the Morales family's mortgage.
Now it wanted the home.
And Ferrer Shane, Miami real estate attorneys, went to court to prevent that from happening.
Enter Ferrer Shane
Austin sent the other side a request for admissions, legal-speak for questions that he wanted answered, such as whether the monster actually owned the mortgage and had it in its possession.
Austin got absolutely no response, so he showed up in court to ask the judge to get rid of the foreclosure action against the Morales family. The monster's attorney didn't bother to show.
And the judge ordered that the foreclosure action be cancelled.
The Morales family now owns their home free and clear. No more monthly mortgage payments. No more worries about home foreclosure.
This is great news for the Morales family, and for other hard-working families in Florida who fall behind on their mortgage payments, and now have to deal with foreclosure monsters. As for us, we are very proud of the result.
Ferrer Shane, PL, is a Miami personal injury attorney and Miami real estate lawyer, that represents clients throughout south Florida. For more information about their law firm, visit their Web site, http://www.ferrerlaw.com/ or http://www.realestatelegalsolutions.com/.
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Press Release Contact Information:
Enrique Ferrer
Ferrer Shane, PL – Miami, FL
PR
North Kendall Drive, Suite 260
Miami, FL
United States 33176
Voice: 305-929-8684
Website: Visit Our Website |
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