Victory in Foreclosure Defense

CitiFinancial offers dramatic principle & interest rate reduction


The Ticktin Law Group is currently defending over 1,400 Florida mortgage foreclosure cases and we are encouraged to see that the banks are responding to our defense by actively pursuing settlements in some of our longest standing cases. Recently, after nearly a year and a half of foreclosure defense, CitiFinancial offered a settlement to our client in the form of a 40% reduction on the principle balance and a fixed interest rate of 5%, down from 12.57%.

This is not the first settlement to be offered to one of our mortgage foreclosure defense clients, but it is certainly the most drastic reduction in principle and interest rate yet. Other mortgage companies that have made similar settlement offers are Accredited Home Lenders and Litton Loan Titanium Solutions. If you are currently pursuing foreclosure defense with our law firm and have not seen this kind of activity in your case, don't despair. The trends we are seeing from the mortgage companies in these cases are just the beginning of what we hope to see over the next few years for many more of our clients.