Our attorneys have extensive experience in working with troubled loans and in guiding banks and lending institutions through the workout and foreclosure process. In the event of a default or other issue with a troubled loan, we bring together our transactional and litigation team members to provide strategy and guidance to help banks and lending institutions determine whether foreclosure, litigation or workout – or a combination of these approaches – is the right strategy. We can craft and negotiate forbearance agreements, loan modification documents and collateral substitution documents. If the situation moves beyond a workout, we have extensive experience in efficiently handling all of the steps in foreclosure sales and proceedings. Throughout the foreclosure process, we can continue to manage all aspects of litigation, including foreclosure sale confirmations, deficiency suits against borrowers and guarantors and bankruptcy representation.
As with all practice groups at Taylor English, we provide these services within a new model for law firms – one that provides sophisticated legal counsel in an efficient and cost-effective manner.
