The Real Deal Miami

Shortage of specialists means foreclosure victims are doing without legal counsel

October 27, 2009 03:49PM

Attorneys specializing in foreclosures are, naturally, in high demand as the national housing market continues to reel from rising defaults, and there aren’t enough attorneys to go around. Roughly 86 percent of foreclosure victims went without lawyers last year, which can make crafting a defense nearly impossible, according to the Brennan Center for Justice at the New York University School of Law. One reason for the shortage of specialists may be comparatively low pay, said Melanca Clark. Clark is an attorney who is lobbying the federal and state legislatures for increased funding. [Realtors Magazine via Time]