SBAL concentrates on providing representation
to mortgage lenders/servicers for all their default
servicing needs. We utilize and integrate all
tracking and reporting systems including LPS,
Lenstar, Vendorscape, NewInvoice, and iClear,
We provide legal services within all Fannie Mae,
Freddie Mac, VA and private investor timelines
and comply with all applicable fee guidelines.
Our well-trained and knowledgeable attorneys and
paralegals are dedicated to providing exceptional
legal services and customer service to all our
Title Curative and Litigation
Sykes, Bourdon, Ahern & Levy, attorneys for
the substitute trustees, Commonwealth Asset Services,
LLC, is providing the information contained on this
site for the convenience of its users. The information
contained herein is for informational purposes only.
Any user of this site agrees that SBAL and Commonwealth
Asset Services, LLC shall bear no liability for
any damages suffered by any person or entity for
any reliance on the information set forth herein.
Every user of this site agrees to hold SBAL and
Commonwealth Asset Services, LLC harmless with respect
to all materials set forth herein. Prospective bidders
should promptly seek legal representation in order
to fully protect their legal rights.
- If I wish to bid on a property at a foreclosure
sale, how much is the required deposit and what
form of funds are accepted at sale?
Unless otherwise stated in the Notice of Sale
published in the newspaper, please bring 10% of
either the original note amount or the maximum amount
you are willing to bid on the property, whichever
is less, in either cash, money order, certified
or cashier’s check.
-Can I obtain the
opening bid amount prior to sale?
No, the lender’s opening bid will not
be disclosed prior to sale. The Trustee will announce
the opening bid at the foreclosure sale.
-Can I find out if
there are other liens or outstanding taxes on the
property, including delinquent Homeowners Association
SBAL will not disclose this information. It is the
bidder’s responsibility to obtain such information
through the public records prior to the sale date.
-Will I be able to inspect
the interior condition of the property prior to
the foreclosure sale or can the Trustee disclosed
the occupancy status of the property?
No, the defaulting borrower is the owner of
the property until after the foreclosure sale is
held, thus SBAL cannot grant any prospective bidders
access to the subject properties. Additionally,
our offices do not inspect the property nor do we
have information as to the occupancy status. All
properties are sold in “AS IS”
condition. The successful bidder bears the responsibility
of any eviction proceedings after sale should that
-If I am the successful
bidder at the foreclosure sale, how long do I have
to settle on the property and what if I am unable
to settle within this timeframe?
Generally, unless otherwise stated in the Notice
of Sale, settlement must occur within twenty (20)
days from the date of the foreclosure sale. Neither
the Trustee nor the mortgage lender/servicer has
the obligation to extend the time for settlement
to occur. In the event you are unable to settle
within the time restrictions provided in the Notice
to Sale and/or the Memorandum of Sale, you will
be deemed to be in default and your deposit may
be retained and property resold at your expense.
here to see Memorandum of Sale.
To request payoff or reinstatement figures for
a matter currently with our default servicing
department please refer to the Borrower's Payoff
and Authorization Form below. Figures will be
sent within 5 to 7 business days.NOTICE: This firm is a debt collector
and any information obtained may be used for that
If you are not the borrower, state your relationship
to the borrower and fax
a written authorization by the borrower to
360-406-6642 or you may fill out our online
borrower's payoff and reinstatement form.