Mortgage Recovery
“Mortgage recovery has been the subject of increasing regulation in recent years. In addition to the Uniform Consumer Credit Code, there have been changes to the Family Law Legislation, Crimes Confiscation Legislation, Corporations Laws and Privacy Laws, which means lenders need the services of a team that has sound expertise in this area.”
Gino Potenza, Partner
Services and Expertise
Cornwall Stodart has an experienced and dedicated team
specialising in mortgage recovery and security enforcement. We act
for a range of lenders including banks, financial institutions,
mortgage originators and private lenders.
Mortgage recovery has been the subject of recent legislative
change and increasing regulation. Along with changes to the Family
Law Legislation, Crimes Confiscation Legislation, Corporations Law
and Privacy Laws, the recent passing of the New
National Credit Protection Act will affect credit providers
nationally. This means lenders need the services of a team that has
sound expertise in this area.
Our Mortgage Recovery team has an in depth understanding of the
recovery and finance industry, combined with a network of strong
relationships with key industry players such as industry
regulators, mortgage insurers, consumer representative bodies,
property presenters and the courts.
As a result of our experience and by working closely with our
clients, we are able to identify potential risks early and strive
to resolve defaults quickly and in the most cost effective manner.
Our experience also means we understand the importance of
protecting our clients' reputations and brands.
Areas of Legal Expertise
We have expertise in:
- removing tenants
- removal of encumbrances and caveats from titles
- advising on compliance
- providing financial institutions with general banking
litigation advice
- advising mortgagees who enter into possession as a
controller
- shortfall and unsecured debt recovery work
- dealing with abandoned goods
- dealing with deceased estates
-
bankruptcy.
Additional Services
In addition to legal services, we offer clients a range of
complementary services including:
- tailored training, coaching and development workshops on a
range of recoveries and compliance issues
- introductions to other key players in the industry with whom we
have strong relationships.
We offer a fixed fee structure for the following services,
enabling you to track the cost of recovery:
Team Strength
Gino Potenza, Partner
Kim Iliopoulos, Law Clerk