New York City Foreclosure Litigation Attorney
Clients of The Price Law Firm benefit from our focus on real estate law and litigation, together with our thorough understanding of local property markets and commercial mortgage lending practices. We work with both lenders and borrowers in real estate workouts and enforcement proceedings. If you need a lawyer’s advice on either side of a commercial mortgage foreclosure dispute, contact our office in Manhattan. Call (212) 675-1125 for a free consultation.
Sound Advice for Commercial Mortgagors Threatened with Foreclosure
On behalf of borrowers, we can help you understand your legal, practical and financial options when your business cash flow will not support the cure of mortgage arrearages or assure steady performance of future payment obligations. In some situations, you might have defenses against a foreclosure action based on nondisclosure, bait-and-switch tactics at closing, or other conduct of the lender.
You might also have recourse against a prior owner of the business or a personal guarantor. Business mortgage problems often involve personal liability on the part of the principals as well as corporate liability, and an experienced New York foreclosure litigation attorney can help you develop and execute the strategy that makes best sense for the demands of your situation.
Farsighted Mortgage Foreclosure Litigation Strategies for Lenders
Lenders and others who need to enforce rights under commercial mortgage loan agreements are quick to figure out that their legal rights and their practical options don’t always coincide especially well. Joshua Price can integrate his real estate negotiation and trial experience with his understanding of practical business needs to identify the foreclosure and liquidation strategy best matched to the circumstances of your case.
Mr. Price can also use his experience to protect you from the counterclaims and procedural delays that will often be used to protract the foreclosure case. Once you come into title following the judgment of foreclosure, our law firm also offers sound advice about such matters as insurance and maintenance obligations, avoiding premises liability claims, protecting the value of current lease arrangements after foreclosure, and recovering deficiencies against the business borrower and its principals.
For additional information about the commercial mortgage foreclosure practice at The Price Law Firm, contact our office in Manhattan to discuss your situation with a seasoned real estate lawyer. Call (212) 675-1125 for a free consultation.