•
Commercial and Residential Foreclosure
See below:
Foreclosure Fees •
Commercial Foreclosure
•
Representative Clients
See
Arizona Mortgage
Deficiency Lawsuits by Larry Folks,
presented at the Consumer Bankruptcy Program at the State Bar of Arizona 2008
Convention
Residential Mortgage Foreclosures
Folks & O’Connor is one of the
leading law firms in Arizona that represents
banks and mortgage companies on a
high-volume basis concerning foreclosures
upon residences in the Phoenix area and throughout Arizona.
Our
attorneys also have significant experience in
representing clients in a
broad range of Arizona loss mitigation and default
servicing matters. More specifically, our lawyers
routinely represent clients in every
Arizona county to:
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conduct non-judicial trustee’s foreclosure
sales;
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litigate judicial foreclosures and quiet
title actions;
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monitor senior lien foreclosure sales and
bid at such sales to protect our clients’
junior lien positions;
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deposit and apply for excess foreclosure
sale proceeds;
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document deeds-in-lieu of foreclosure,
loan forbearance agreements, loan
modification agreements, and loan sale agreements; and
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litigate post-foreclosure evictions.
At its central Phoenix offices,
Folks & O'Connor is highly automated to
allow it to process a high volume of
Arizona residential mortgage foreclosures and evictions. In
particular, the firm utilizes a
sophisticated internal software program,
specific to Arizona non-judicial trustee’s
foreclosure sales, which allows our staff
members to process foreclosure sales on a
virtually automated basis and with
protective calendaring safeguards in place
to protect our clients. The program also
allows our clients to obtain current status
updates concerning their Arizona foreclosure
referrals to the firm over the internet. The
firm is also very experienced with the use
of the DataCert, Examen, iClear, LenStar and VendorScape
billing and client reporting systems.
Larry O.
Folks is our firm's lead residential
mortgage foreclosure and eviction attorney. He is a
graduate of the Northwestern University
School of Law and a former partner of Kutak Rock, LLP, which is a
national law firm. In addition, he has been
an Arizona foreclosure trustee for many years and is
a member of the Arizona Trustee’s
Association. Mr. Folks and his seasoned
staff have successfully completed thousands
of residential mortgage foreclosures in the Phoenix area during the past 10 years.
Our firm is not a foreclosure mill and is
highly responsive to our clients’ needs. In
fact, we routinely receive monthly scorecard
ratings of 100% from one of our national
banking clients, which directly reflects the
firm’s ongoing ability to complete
non-judicial trustee’s foreclosure sales of Arizona
residences in advance of the applicable FNMA
timeline requirements.
Our
law firm typically completes non-judicial
trustee’s foreclosure sales and other
foreclosure-related services concerning
residences for the applicable FNMA “flat
fee” for such services.
Folks & O'Connor has significant experience
in completing non-judicial trustee’s
foreclosure sales and judicial foreclosures
on Arizona commercial properties. In addition to
being a seasoned litigator, Mr. Folks has a
number of years of commercial real estate
transactional experience, which assists him in
completing commercial foreclosures. He
recently prevailed in a highly contested
judicial foreclosure on a high-rise
commercial office building in Phoenix.
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Bank One
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Chase Bank
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Chase Home Finance
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LaSalle Bank
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M&I Bank
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M&I Mortgage Corp.
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National Bank of Arizona
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