On August 8, 2008, Fannie Mae selected Potestivo & Associates, P.C. to join their limited nationwide network of approved default servicing attorneys.

Rochester Hills, Mich., August 8, 2008 – One in every 137 homes is facing foreclosure in Michigan and Fannie Mae is under enormous pressure to provide some measure of relief to affected metro areas in Michigan and across the nation during these difficult times.  Fannie Mae has selected Potestivo & Associates to join their network of approved default servicing attorneys to assist them with this task.  As an approved Fannie Mae attorney in Michigan, Potestivo & Associates will assist Fannie Mae in its efforts to provide debtors with education and assistance with respect to available loss mitigation options or to represent Fannie Mae in other default servicing activities as necessary.

“Michigan currently ranks number 7 in the nation for the number of foreclosure filings,” says Brian Potestivo, founder and president, Potestivo & Associates, “and the market is facing immense challenges.  Our firm is pleased to be part of the solution to the issues facing our industry in Michigan and nationwide.”

With the recent volume increase in troubled loans in Michigan, Fannie Mae requested proposals from several firms.  Potestivo & Associates was selected to join their approved attorney network in Michigan after an extensive application process, which detailed the firm’s default servicing management capabilities, litigation expertise, timeline management programs, structure, and cost efficiencies. 

Statistics from RealtyTrac, U.S. Foreclosure Market Data – Q2 2008.

About Potestivo & Associates, P.C.:

For almost twenty years, Potestivo & Associates, P.C. has provided award-winning legal services to the mortgage banking and default servicing industries.  Headquartered in Rochester Hills, Michigan, the firm also maintains full-service operations in Grand Rapids, Michigan and Chicago, Illinois.  Potestivo & Associates is an AV®-rated firm supported by over 100 team members and handles all aspects of default servicing including foreclosures, bankruptcies, landlord and tenant, title resolution, loss mitigation and home retention, REO disposition, and litigation. 

Public Relations Contact:                     

Michaelene Grauf, Director of Client Relations

Potestivo & Associates

p:  (248) 853-4400 x1117

http://www.potestivolaw.com

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