As the rate of home foreclosures continues to rise and the next tide is about to come in, more and more home owners will be faced with the decision of hiring an attorney to defend them. When picking a firm there are a number of things to consider:
1. What do you want the law firm to accomplish for you? Do you want to stay in your home or do you want to do a deed in lieu of foreclosure or pursue a short sale? Do you want a modification; can you even afford a reduced mortgage. Finally, do you believe you have been defrauded and want to fight the bank until the bitter end? We at Pinkert Legal understand that this is a stressful experience and will do our best job to make the process less stressful. However, we must inform you that according to statistics from the county’s dockets, those who hire an attorney may slow a foreclosure sale more than those without an attorney just by participating in the legal process. We encourage adequate and correct participation in the legal process.
2. Can the law firm accomplish your goal? Before hiring an attorney, you should discuss with them what they can accomplish for you. Bring your loan and mortgage documents with you so the attorney can quickly determine if you have strong defenses that that can actually defeat the bank’s foreclosure action, or are you simply going to go through the legal process without any true hope of defeating the foreclosure; eventually the bank will win. Honesty is critical at this moment to try to ensure your position and expectations.
3. What will the law firm charge for their services? Firms are charging not only different rates for foreclosure defense but also different payment terms. Some firms will charge you a flat rate and have you pay up front or over time. Again be sure the services include trial costs as this is additional in many cases. Other firms will charge you a smaller fee up front but have you pay a monthly fee of anywhere from $300 to $500 while they are litigating the case. Be cautious of this scenario because cases can be in court for 2-3 years and for months with nothing going on. Under those circumstances you are paying thousands of dollars with little or no work being done. Also keep in mind that if you stop making your monthly payments to the law firm, that may give your attorney the right to withdraw from the case making all of your time and money worthless.
4. Will the legal fees include helping with a modification package? Some lawyers include assisting you with modification of your loan as part of their defense. Others may charge extra. While modification is a process that homeowners can do on their own without legal representation, you want to make sure whether you or your attorney will be handling this aspect of your defense.
I have heard that some home owners have retained attorneys for foreclosure defense and when the bank prevails, the same attorneys offer bankruptcy services. If that is a strategy you and your attorney decide to follow, find out in advance what they will charge for representing you in a bankruptcy court.
As with all services, if you understand what services you will be provided in advance, your expectations have a better chance of being met and both you and your attorney will have a more harmonious relationship.
Jury Finds in Favor of Child Actor and Three Time World Champion in Contentious Trial of a Defectively Designed Machine Manufactured by Life Fitness: Rewards $751,000.
Miami, Florida- November 16, 2010.A Miami-Dade County Jury rendered a verdict in the amount of $751,000.00 against Life Fitness, Inc., an Illinois Company and subsidiary of Brunswick Corporation as the result of what it found to be a defectively designed adjusting mechanism on its cable cross-over fitness trainer referred to as “The Dual Adjustable Pulley”.
Pinkert Law, product liability experts, were retained by the plaintiff and trial began on September 27, 2010 in the Eleventh Judicial Circuit in Miami-Dade County and concluded with the jury verdict on October 1, 2010. This case was brought about as the result of the collapse of the push pin position selector which collapsed on Mr. Cooper’s head while he was exercising at the Equinox Fitness Center in South Miami Beach, Florida in March of 2006. The collapse occurred while Mr. Cooper was doing the last of many repetitions of a particular exercise.
James Pinkert and Steven Pinkert, who is also an M.D., of the Pinkert Law Firm, prosecuted the case defeating Life Fitness and the K&L Gates legal team of defense attorneys when the jury rewarded the plaintiff $751,000. The jury deliberated for almost four hours after one week of testimony from fifteen witnesses, finding in favor of the plaintiff.
About Pinkert Law Firm. With Headquarters in Miami, Florida, the Pinkert Law Firm serves clients in the United States, China and The Latin America. The firm’s first-hand experience working with international patents, trademarks and product liability makes it one of the leading global legal enterprises. www.pinkertlaw.com