Can We Save the House? Getting Some Breathing Space

March 14, 2018

You’ve just discovered a Certified Letter with a Notice of Default at your parents’ house. Can we do something?

An overview of how to deal with a crisis that may arise in the context of an elderly person whose mortgage suddenly goes into default, the legal issues that arise, particularly under the Bankruptcy laws. This presentation also considers the civil side, to create a stay or other delay in order to find an opportunity to preserve the person’s equity, perhaps giving an opportunity to refinance (conventional or reverse mortgage), sell the property, or otherwise. Examples include integrating the legal situation to coordinate with other professionals including brokers, lenders, healthcare providers, etc.

Presented by: Eric Olson Esq. & Richard A. Brownstein

About Eric Olson Esq.

Mr. Olson’s areas of emphasis are in civil business and business litigation, probate litigation, commercial transactions and complex real estate transactions.
Mr. Olson graduated from Pomona College (1962), and Harvard Law School (1965), and was a teaching fellow at Stanford Law School (1965-66). He was Los Angeles County Deputy County Counsel, Schools Division 1968-69 and a senior partner of Halstead, Baker & Olson; he joined the firm in 1969 and became a partner is 1971.

About Richard A. Brownstein

Richard A. Brownstein is Of Counsel to Greenberg & Bass LLP in Encino, California and has practiced law for over 40 years. He specializes in providing complete solutions for financially distressed businesses and individuals. Mr. Brownstein has been a Certified Bankruptcy Specialist since 1995. He sat on the State Bar Board of Legal Specialization and was the Chair of its Bankruptcy Advisory Commission. Mr. Brownstein has extensive experience in managing crises, restructuring debt, protecting and recovering assets, and handling workout solutions, Chapter 7, 11, and 13 Bankruptcies, out-of-court reorganizations, Assignments For the Benefit of Creditors, ordered liquidations, strategic partnerships, mergers, acquisitions, and exit strategies. Mr. Brownstein received his B.A. from California State University at Northridge in 1969, and his J.D. from University of La Verne (San Fernando Valley College of Law) in 1976.