Workout and Foreclosure
Our team has extensive experience in working with troubled loans and guiding financial 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 financial 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.
We also can move beyond the workout, and have extensive experience in efficiently handling all of the steps in foreclosure sales and proceedings. Throughout the process, we can manage all aspects of litigation, including foreclosure sale confirmations, deficiency suits against borrowers and guarantors and bankruptcy representation.