Our firm’s success, in avoiding deficiency judgments, typically comes from negotiating with the lender’s attorneys inside the scope of aggressively defending a foreclosure suit. After gaining some leverage defending a foreclosure suit, where the lenders own attorney advises the lender to take a certain course of action, the lender is much more likely to listen. In other words, the lender’s attorneys have the ear of decision-makers inside the lender’s offices.

By comparison, the lender’s policy makers make policy based on the lender’s balance sheet that particular quarter. This brings up another point, it is likely not important who hands the lender a short sale or loan mod package, outside the scope of foreclosure litigation, the lender’s balance sheet controls the decision-making.