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The Mathematics of Quiet Title Lawsuits: The Best Bet in Real Estate?
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Monday, January 7, 2013 12:03 AM
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THE MATHEMATICS OF QUIET TITLE LAWSUITS: THE BEST BET IN REAL ESTATE?
By LeNoir Law Firm | Originally Published: July 3, 2012
Due to continuing rampant fraud in the mortgage industry, the LeNoir Law Firm believes that the overwhelming majority of New York quiet title actions can be won if handled properly. See our previous posts on the LeNoir Law Firm blog, located at: http://www.debtinversion.com/blog/category/lenoir-law-firm/quiet-title-lawsuits-lenoir-law-firm/
The average size of a mortgage loan that the LeNoir Law Firm challenges in a quiet title lawsuit is about $400,000. We usually charge a flat legal fee of $5,000 to handle a homeowner’s quiet title case from beginning to end. The out-of-pocket expenses (not legal fees) of a quiet title case average $2,000. This means that the homeowner will spend an average of $7,000 for the entire quiet title case.
If the homeowner wins the quiet title case, the homeowner sheds the $400,000 mortgage debt and gains $393,000 in non-taxable debt relief ($400,000 – $7,000). This comes out to a 5,614% tax-free return on the homeowner’s $7,000 investment. If the homeowner loses the quiet title case, the maximum loss will be the $7,000 invested — which is only 1.75% of the $400,000 mortgage loan balance being challenged.
With odds like these, a quiet title lawsuit may be the best bet in New York real estate. For further information on quiet title actions, please contact us to speak with an attorney.
LENOIR LAW FIRM
2753 Broadway, Suite 251
New York, New York 10025
Office: 212-531-0284
Email: info@DebtInversion.com
Web: www.DebtInversion.com
Blog: www.DebtInversion.com/blog
Important information: This is legal advertising. It contains no legal advice and makes no representation as to the outcome of any legal matter. The information on this blog and website may not apply to your individual situation and should not be relied upon for any purpose.
By LeNoir Law Firm | Originally Published: July 3, 2012
Due to continuing rampant fraud in the mortgage industry, the LeNoir Law Firm believes that the overwhelming majority of New York quiet title actions can be won if handled properly. See our previous posts on the LeNoir Law Firm blog, located at: http://www.debtinversion.com/blog/category/lenoir-law-firm/quiet-title-lawsuits-lenoir-law-firm/
The average size of a mortgage loan that the LeNoir Law Firm challenges in a quiet title lawsuit is about $400,000. We usually charge a flat legal fee of $5,000 to handle a homeowner’s quiet title case from beginning to end. The out-of-pocket expenses (not legal fees) of a quiet title case average $2,000. This means that the homeowner will spend an average of $7,000 for the entire quiet title case.
If the homeowner wins the quiet title case, the homeowner sheds the $400,000 mortgage debt and gains $393,000 in non-taxable debt relief ($400,000 – $7,000). This comes out to a 5,614% tax-free return on the homeowner’s $7,000 investment. If the homeowner loses the quiet title case, the maximum loss will be the $7,000 invested — which is only 1.75% of the $400,000 mortgage loan balance being challenged.
With odds like these, a quiet title lawsuit may be the best bet in New York real estate. For further information on quiet title actions, please contact us to speak with an attorney.
LENOIR LAW FIRM
2753 Broadway, Suite 251
New York, New York 10025
Office: 212-531-0284
Email: info@DebtInversion.com
Web: www.DebtInversion.com
Blog: www.DebtInversion.com/blog
Important information: This is legal advertising. It contains no legal advice and makes no representation as to the outcome of any legal matter. The information on this blog and website may not apply to your individual situation and should not be relied upon for any purpose.
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