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Updated almost 5 years ago,
Professional lien calculation for foreclosure Who does this?
I am the owner of a 2nd lien on beach property in Laguna California. The first is current and the FMV is much more than total owed. Ill get paid someday when it sells. It has taken 8 years to remove a fraudulently recorded deed of reconveyance and some serious legal work. There are penalties and interest with several laws governing this. I have done many spread sheets but have no confidence in the legality of how I did the math. I did it according to the terms on the Note. The numbers are huge, 8 years of penalties. What else can I include in the debt. I had to fly out for court 6 times, hired 4 lawyers etc. I have called many CPA's even forensic mortgage CPA's but I dont think they are the guys to do this math that should hold up to legal scrutiny. What about loss income from not having this money? I could have done some great deals. I haven't foreclosed because it is on the market for $7.5mm and it will sell saving me from having to pay the $5,000 to the foreclosure company. Are there any strategies to foreclosing sooner.