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Filed Lawsuit To Prevent Foreclosure

Practice Area: Litigation

Outcome: Favorable Resolution By Grant Deed In Lieu Of Foreclosure

Description: Following unsuccessful negotiations with opposing party outside of court, filed suit in federal court under diversity jurisdiction and federal declaratory judgment act. Following the filing of the lawsuit, the parties resumed negotiations and, with the threat of pending litigation and potentially millions of dollars of damages, the parties settled on terms favorable to Client.

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