AIPIS 74 - What To Do If You're Facing Foreclosure with Chris Cabanillas
Accredited Income Property Investment Specialist (AIPIS) · Jason Hartman
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Show Notes
Jason Hartman talks with Chris Cabanillas, a foreclosure defense attorney. Chris opened his own law firm, Cabanillas Law, in 2006 and his office represents homeowners in the states of New York, New Jersey, and Connecticut. He gives Jason and his listeners some great advise about what to do when you're facing foreclosure and more on today's AIPIS show.
Key Takeaways
3:50 – Chris explains why foreclosure cases take so long to process.
7:50 – Only 5% of homeowners getting sued for foreclosure actually fight the case.
12:40 – These old-fashioned foreclosures laws are inhibiting the economy.
14:50 – If you're facing foreclosure, check if you can modify the loan terms.
20:00 – What is the payment structure for a foreclosure defense attorney? It all depends on the situation.
26:10 – Remember, Chris specializes in more high-priced markets and some of this advise may not accurately reflect other regions throughout the US.
28:30 – There's a lot of foreign investment happening in Manhattan right now.
Mentioned in this episode
http://cabanillaslaw.com/