Default Services refer to cases where someone is unable to pay his or her debt and defaults on his or her obligation.
The MP Morris Law Firm provides default services to lenders, servicers and other creditors across the State of South Carolina. With more than eleven years of experience in the default services industry, we understand an efficient resolution will minimize emotional distress and financial loss.
Our default services include:
- REO Properties
For more than 11 years, the MP Morris Law Firm has represented clients in all forty-six South Carolina counties. With our knowledge, we have the experience necessary to negotiate alternative resources or effectively represent our clients at trial.
Bankruptcy is complicated. To maximize success, courts encourage individual allpicants to seek legal counsel. When a person files a petition for bankruptcy, the automatic stay is immediately imposed to protect the petitioner from creditors. The petitioners also elects the appropriate bakruptcy typ based on their circumstances.
Reorganization is governed by Chapter 13 of the code. In a Chapter 13 bankruptcy, the petitioner attempts to reorganize their finances so they may keep some or all of their assets.The petitioner proposes a plan to the court to repay all or some of their debt over a three to five year period.
If Reorganization is not feasible, Liquidation under Chapter 7, may be the best choice. In a Chapter 7 bankruptcy, the property of the petitioner is liquidated and the proceeds used to pay the creditors.
The MP Morris Law Firm is experienced in dealing with difficulties arising from bankruptcy cases. Let us help you and ease the headaches involved in protecting your property.
Evicting someone from your property is an unwelcome and difficult part of being a landlord. Have peace of mind knowing that protecting our clients through property clearance problems are a normal occurrence here at the MP Morris Law Firm.
Our Firm files a Writ of Assistance in circuit court or an Applications for Ejectment in magistrate court for landlord-tenant disputes. We will also coordinate the involvement of all parties: judges, process servers, property preservation agents, REO agents, sheriffs, and those persons being evicted or their agents or attorneys. So give us a call today and no longer worry about the eviction part of your rental property ownership.
Real estate owned or R.E.O. is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, Freddie Mac or Fannie Mae.
The MP Morris Law Firm represents both sellers and buyers of R.E.O. properties. We resolve title issues and understand the urgency felt by both sides to close the sale as quickly as possible. If you are buying or selling an R.E.O. property, The MP Morris Law Firm will help streamline this, often difficult, process.