Client lent his life savings to a friend and was given a second mortgage against the friend’s home. The friend disappeared and did not repay the debt. Client discovered that the friend had over-encumbered the property, and that the loan he had made to his friend was unsecured. Mr. Levy successfully prevented the first mortgage from proceeding with the foreclosure sale, documented and coordinated a foreclosure of the client’s second mortgage on the friend’s property, resulting in the client obtaining title to the property. Mr. Levy then was successful in negotiating a significant principal reduction on the first mortgage which allowed the client sufficient equity to borrow money against the property to make improvements to the property, which now is rented out with positive cash flow.
Client's former long-term girlfriend claimed that she was entitled to 50% of the property the client acquired during the time that the two lived together under the Marvin Doctrine.
Client purchased a vacant commercial property. Sometime after purchasing the property, client discovered that an adjoining property owner had fenced in a significant portion of the client’s property. After the client pulled down the fence, the adjoining neighbor filed a lawsuit and a Motion for a Court Order to re-erect the fence. The adjoining landowner claimed that the fence was there for as many as 40 or more years and therefore the fenced-in area belonged to the adjoining landowner under the concept of easement by prescription. Mr. Levy successfully opposed the Motion filed by the adjoining landowner, and negotiated a full settlement of the case.
Client had entered a non-traditional real estate sales contract, where the client was selling a residence to a buyer who could not obtain financing to consummate the transaction. Therefore, the parties agreed that the client would maintain title to the property, and that the buyer would have a pre-determined amount of time to purchase the property through installment payments. Buyer proceeded in making a series of installment payments which accumulatively constituted a significant sum of money. The dispute was whether or not the buyer had defaulted on the final group of payments, or whether or not the client had refused to accept those payments and refused to deliver title. The buyer filed a lawsuit to compel the client to deliver title of the property to the buyer. Mr. Levy negotiated a settlement which gave the buyer a fair amount of time to make the remaining installment payments, plus a significant extension fee, which if not paid, the buyer would be divested of any interest in the property as well as all the payments already made. The buyer defaulted under the Settlement Agreement, and Mr. Levy filed a Motion to enforce the Settlement Agreement.
Clients had lost their home in foreclosure and the lender had commenced a Court action for unlawful detainer to recover possession of the property from the client. Mr. Levy was successful in negotiating immediate dismissal of the unlawful detainer action and negotiating with the lender to rescind the foreclosure sale.
Client entered a verbal partnership agreement with another individual to purchase a piece of commercial property, which would later be developed or sold. Client provided over $200,000 to the partner towards that property. The partner obtained title to the property in his name alone. The partner later denied the agreement with the client, claiming that at best the client had made a loan to the partner.
Client claimed that he was a shareholder in a corporation, even though there was no written documentary evidence of the client's interest in the corporation.