Negotiating a Win Win for Secured Creditor and a Homeowner
Drescher & Associates represents secured creditors holding consensual liens (deed of trust, mortgage, etc.) in mobile homes and real estate. These creditors almost never want their collateral back: they want to be paid the money they are owed. The creditor hired Drescher & Associates to repossess a mobile home in a procedure known as replevin. At the trial, Ron Drescher negotiated with the delinquent homeowner a deal to award possession of the home to the creditor in exchange for receiving 60 days to move out or negotiate a cure of the default. This 60 day window was just what the situation called for. The homeowner was able to locate enough funds for the creditor to drop the lawsuit and let this family stay in the home. Everybody go what they really wanted.
By identifying the parties’ true interests, Drescher & Associates is able to help each side feel as if they “won” the negotiation. That’s the result we’re always looking for.
A Track Record of Success in Maryland, Virginia, Pennsylvania, & Delaware Commercial Litigation & Bankruptcy Cases
DISCLAIMER: Please note that every case is different and these verdicts and settlements, while accurate, do not represent what we may obtain for you in your case.
