Effective June 1, 2013, Federal National Mortgage Association (“FNMA”) has mandated that all FNMA foreclosures be handled by approved law firms, qualifying under FNMA requirements. The impact of the FNMA mandate is that servicers will no longer be able to refer FNMA foreclosures directly to foreclosure trustees under FNMA guidelines. Law firms can either directly process judicial or non-judicial foreclosures, or are responsible for the referral of non-judicial foreclosures to foreclosure trustees and then are to oversee the foreclosure process.
Scheer Law Group, LLP, (“SLG”) is pleased to announce that it has received FNMA “no objection” designation for California. This designation allows SLG to handle FNMA foreclosures and related default litigation matters in California. The designation is conditioned on SLG finalizing required FNMA training, which will occur before the June 1, 2013 mandate. SLG handles a full range of lender default services and is able to fully advise its clients on the options for initiating judicial and non-judicial foreclosures in the state of California. SLG can also guide and advise Clients and servicers on the impact of recently enacted SB 900 to prepare for or respond to compliance and litigation issues. We help our Clients avoid problems.
If you are an FNMA servicer and wish to add SLG to your list of approved counsel, please contact Spencer Scheer at the address below. SLG currently represents large and smaller servicers throughout the Country. SLG will be glad to provide references of other servicers utilizing SLG as FNMA counsel, upon request.
Scheer Law Group, LLP
155 N. Redwood Drive, Suite 100
San Rafael, CA 94903
Telephone: (415) 491-8900 Extension 105
Facsimile: (415) 491-8910 Email: [email protected]
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