TTEE Foreclosure Sale
One of the most interesting forms in our files. It has everything.
Table of Contents
This form has everything and is fun to boot.
Tags: fields, lists, sublists, math, dates and date offsets, autoloads
Transcript:
If we were to take a vote in the office, what is the most interesting form?
This would rank in the top three or five, I suppose. It's not very it's not very big. It's only, eighteen hundred words and and five pages of text, seven page, template altogether.
It's got a hundred and fifty variables. What makes it interesting is the the, sophistication of some of the variables and and how they play through the document. So here's an overview, real quickly. You You see the questionnaire has been color coded, for, people. The computer doesn't care about colors, but people do where we have the property and tax information and legal information and then financial information, all color coded for the, folks in the office to, to answer.
I'll bring it up now and you can see it in real life, of twenty eight answers, I think, broken down. And you'll see here that we've we've included instructions again for the user. The computer doesn't care what, format the date's entered in or it can be entered in every different format you can think of. But human beings like to have some direction. They like to know what to do. So we've included those kind of those kind of instructions.
This is a statutory form. It's a jurisdiction. It's required form and format in the jurisdiction.
It's a Washington, Washington jurisdiction.
And rather than having to go through this line by line, which in the manual mode before the the firm got, one of our programs, this filling this form out required four hours typically four hours of paralegal time and two hours of attorney time because a number of the variables need to be to prove them need to be recomputed. So the attorney would have to go in and compute some of the dates the same way the paralegal had using a calendar and an adding machine and counting on his or her fingers.
This is a heck of a lot better. Rather than bore you with the type in, because this is a in this office, this would be the third event in the, foreclosure process. The firm would have already picked up all the information, almost all the information necessary to drive this form. And so this information is on file. All you have to do is say, that we'd like to load it all, take whatever information we have on file that is appropriate for this form, and load it up. And you'll see that the questionnaire, grows and and shrinks in accordance with how much data is available and useful to this particular form.
So twelve or fourteen seconds on that process, And now we'll go up into some of the more interesting areas in the form, click fill, and this takes about thirty seconds.
And that thirty seconds, plus the the load time gets it up to about one minute that we'll have invested in this form compared to the, almost six hours total time, required in manual mode. The big the bigger difference though and the bigger, benefit is the elimination of errors.
The attorney that proofs this now, all he or she has to do is go down the questionnaire, look at the answers to the questionnaire. And if the answers are correct, then the form is correct. The document the finished document is correct.
Enormous reduction of risk and reduction of time spent validating the information. So there we are forty one seconds.
Click okay and we're all done.
Go up here, and we'll take a look at some of the, some of the items.
Very straightforward field information here based on the name of the signing attorney, some role information here, legal description here, list of, of related documents here. Here's a fairly large list. Actually, it's a composition of two different lists. It's got the debtor and a couple addresses for the debtor and then creditors. And this could be, you know, one item or it could be several hundred items. My computer doesn't care.
Here's one of the most interesting of these, of these, date computations.
In this jurisdiction, the sale date needs to be at ten AM on the Friday following the first Tuesday of the month that's at least ninety days out and no more than a hundred and twenty days out and then has to be at the physical description that's appropriate for the county.
So the program's taken all that information, figured it out, and said this is where you need to be. This is where it's gonna this is where it's gonna happen.
Amount of field information again.
Another date computation.
Here are some numbers being pulled in, computed by the program.
Some more numbers that have been entered and are being now manipulated as well with a total.
The, reinstatement date is computed by the program to be eleven days before the sale date that we, noticed, before.
And now the program is figuring out the names of the month names of the months in between the date of the letter itself, this letter, and the, the sale date and then computing the dollars that attach each of those months and sums all that information, all that information up.
It takes the past due past due taxes.
Note information, sale date, cure date, the debtor information, the lawyer's information.
You see all the different formats for dates.
Must be three or four different formats required by the statute.
Signing information, notary.
And again, the beauty of it is that, the reviewing attorney only needs to review the answers. And if the answers are correct, then the document is correct.
Saving, hours and hours and errors and errors.
The forensic audit on this showed a sixty percent error rate on the previous, previous filings with, twenty percent of those serious significant errors.
So this is all done with, Doxserá, and it's a fun one.