Sound Advice for Restructuring Troubled Loans
If you or your business needs counsel about your options in the face of mortgage problems, the suspension of a line of credit, or threats to foreclose on real property or inventory, contact an experienced workout lawyer at the Law Offices of David G. Finkelstein in San Mateo. Our understanding of credit markets, commercial litigation and solutions to distressed property situations can help you find alternatives to foreclosure or liquidation.
Call 866-567-9371 to talk to a commercial loan workout attorney
Although our experience with loan workouts covers secured loans and guaranties as well as real estate mortgages, the recent crisis in real estate values and financing has led to a high demand for solutions in distressed property cases. We advise both homeowners and businesses about the best ways to resolve residential and commercial mortgage problems, including mortgage loan defeasance.
Our analysis of your situation starts with your current finances, property values and objectives. The earlier we get started, the more alternatives to bankruptcy we will be able to identify. If your mortgage has been in default for more than 60 days, we will work toward getting a mortgage negotiator appointed. The negotiator will be able to consider alternatives that the lender or REMIC trustee will not be able to entertain.
We help prevent foreclosure by expanding your positive options
Another alternative is to work with real estate brokers, who can help make the benefits of a modification with a short sale a practical reality if you are willing to walk away from the property. As a matter of course, we place a special priority on protecting you from any liability for the difference between what you owe and what the property is worth in negative equity situations.
Our attorneys are also skilled with the intricacies of mortgage loan defeasance agreements, especially in higher-value distressed property situations. Mortgage defeasance depends on your ability to substitute a portfolio of U.S. Treasury obligations or certain other federally-backed securities to duplicate the cash flow through the maturity of the original mortgage. Our familiarity with the mechanics and timing of mortgage loan defeasance arrangements can save you money while releasing your property from a mortgage lien.
For additional information about our experience with distressed property workouts of all kinds in the Bay Area, contact an attorney at the Law Offices of David G. Finkelstein in San Mateo.
