Default Servicing Operation

Michael Burns, Attorney at Law

Mr. Burns currently represents small and large businesses, banking and lending institutions in the areas of foreclosure, loss mitigation, bankruptcy, and eviction matters for the States of Texas, New Mexico, and Arizona.

Mr. Burns also serves as the Fee Attorney for a Texas title company with the capacity to issue state-wide title products and title insurance policies, with underwriters such as Lawyers Title Insurance (a subsidiary of Fidelity National Title Insurance), Title Resources Guaranty, Old Republic National Title, Alliant National Title Insurance, as well as handle the closing transactions of the REO properties upon conclusion of the foreclosure. Mr. Burns’ focus is on overall timeline compliance and investor satisfaction. Offering “cradle to grave” service, Mr. Burns provides his clients the complete default servicing operation. This level of service is most appreciated when title issues are present and resolution of same is needed promptly to avoid costly delays.

Having served as General Counsel for a federal savings bank and Assistant General Counsel for a Fortune 500 consumer finance company, Mr. Burns’ offers a well-qualified perspective on default servicing - a perspective frequently sought after by local and national media outlets for his expertise on matters concerning the mortgage industry. His professional experience also includes a number of years as Senior Counsel for the Federal Deposit Insurance Corporation.

Licenses & Admissions

• Texas State Courts
  New Mexico State Courts
  Arizona State Courts
  U.S. District Courts for the Northern, Eastern, Western and Southern Districts of Texas, District of New Mexico, and District of Arizona.

Education

University of San Diego School of Law (J.D., 1983)
University of New Mexico ( B.A., 1978)

Professional Affiliations

Dallas Bar Association Volunteer Attorney Program

Practice Concentrations

Default Servicing
Banking Law and Regulation
Business & Commercial Law
Civil Litigation
Commercial Litigation
Commercial Real Estate
Consumer Bankruptcy
Consumer Finance
Creditors' Rights
Employment Law
Loan Workouts
Mortgages & Foreclosures
Property Tax Litigation
Real Estate Law
Residential Real Estate

Richard E. Anderson, Attorney at Law

Mr. Anderson currently represents small and large businesses, banking and lending institutions in the areas of foreclosure, loss mitigation, bankruptcy, and eviction matters for the States of Texas and New Mexico.

Mr. Anderson also serves as a Fee Attorney for a Texas title company with the capacity to issue state-wide title products and title insurance policies, with underwriters such as Lawyers Title Insurance (a subsidiary of Fidelity National Title Insurance), Title Resources Guaranty, Old Republic National Title, Alliant National Title Insurance, as well as handle the closing transactions of the REO properties upon conclusion of the foreclosure Mr. Anderson is passionate about his practice and viewed as an instructor and expert in the area of default servicing by his peers. Frequently serving on the faculty for CLE programs, Mr. Anderson knows and understands default servicing at it roots.

Recently, he conducted a seminar, in association with the National Business Institute, on the subject of Real Property Foreclosure addressing viable alternatives to Foreclosure. Mr. Anderson personally manages his foreclosure, bankruptcy and eviction units to ensure strict guidelines and investor expectations are being followed. As a former Senior Counsel for the Federal Deposit Insurance Corporation for nine years, Mr. Anderson understands the complexities of commercial and banking litigation and takes every step possible to ensure our clients are well-versed in making sound business decisions.

Licenses & Admissions

• Texas State Courts
  New Mexico State Courts
  U.S. Fifth Circuit Court of Appeals
  U.S. District Courts for the Northern, Eastern, Western and Southern Districts of Texas
  Texas Guardian & ad Litem

Education

University of Arizona, School of Law (J.D., 1987)
New Mexico State University (B.A., 1983)

Professional Affiliations

Hispanic National Bar Association
Denton County Bar Association
Knights of Columbus

Practice Concentrations

Default Servicing
Business & Commercial Law
Construction Law
Consumer Bankruptcy
Contracts
Creditors' Rights
Debt Discharge
Debtor/Creditor
Divorce
Estate Planning/Administration
Evictions
Family Law
Foreclosures
Leases
Lending & Secured Transactions
Litigation
Loan Closings
Loan Workouts
Mechanic's Lien
Mortgages & Foreclosures
Probate
Real Estate Law
Real Estate Transactions
Residential Real Estate
Secured Transactions
Title Insurance
Trusts
Wills

Ray L. Vela, Attorney at Law

Mr. Vela has represented lenders with litigation matters in both federal and state courts throughout Texas and Oklahoma. His practice includes, but is not limited to, foreclosure litigation, eviction appeal litigation, collection litigation, creditor and consumer law cases, contract disputes, intellectual property law, and real estate litigation.

As the firm concentrates on moving the cases, Mr. Vela’s litigation unit stands ready to promptly step in and address matters requiring civil or federal action or response. With his considerable litigation expertise, Mr. Vela works diligently to resolve disputes. While his ultimate goal is to avoid litigation, he is well-prepared to handle whatever comes his way. He is focused and meticulous with detail and aggressive in his stance to get the job completed quickly and accurately. “A litigation matter that sits, costs money!” he says.

Licenses & Admissions

• Texas
  U.S. Fifth Circuit Court of Appeals
  U.S. District Courts for the Northern and Southern Districts of Texas
  U.S. District Court for the Western District of Oklahoma

Education

Boston University, School of Law (J.D., 1995)
University of Oklahoma, School of Business (B.B.A., 1992)

Practice Concentrations

Construction Litigation
Foreclosure Litigation
Contract Disputes
Eviction Appeal Litigation
Intellectual Property Law
General Collection
Real Estate Litigation
Probate Litigation