Default Services

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, among others.

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 clients.

Practice Area Classifications

  • Foreclosure
  • Loss Mitigation
  • Collections
  • Bankruptcy
  • Deficiency Recovery
  • Evictions
  • Title Curative & Litigation
  • REO Representation
  • Unlawful Detainers

Legal FAQ

– 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 the sale?

No, the lender’s opening bid will not be disclosed prior to the 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 dues?

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 the sale should that be necessary.

-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, a 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 the 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. Click here to see Memorandum of Sale.


Resource Links

Hope Now Alliance

Neighbor Works America

Homeownership Preservation Foundation



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 purpose.

If you are not the borrower, state your relationship to the borrower and fax a written authorization by the borrower to (757) 456-5445.