If you are facing the loss of a commercial property and the bank has filed a foreclosure action, Leighton Feldman has the knowledge and experience to protect your most valuable asset.
If your business has fallen behind on its mortgage payments, we will work with your lender to negotiate a deal to save your property. Contact Leighton Feldman to learn more about debt workout and loan restructurings.
If you do not have a defense to the foreclosure and do not wish to keep your commercial property, selling it for less than the full amount of the loan, subject to bank approval, may be an option. This is known as a Short Sale. Leighton Feldman can represent your interests in connection with a short sale.
If you do not have a defense to the foreclosure and there are no significant junior liens on your commercial property, then negotiating a deed-in-lieu of foreclosure may be a viable alternative. Also, some banks will agree to waive any deficiency claim against you if the property is worth less than what you owe on the loan. We will also seek a waiver of liability from your lender on any personal guarantee. Leighton Feldman is experienced in representing business owners in connection with the negotiation of deeds-in-lieu of foreclosure.
A municipality can sell a tax sale certificate to a private party when a property owner has failed to pay property taxes or other municipal charges. Whether you are a property owner or a tax sale certificate holder, Leighton Feldman can represent you in your tax or other municipal lien foreclosure action.
This website is for informational purposes only and does not contain legal advice. Please do not act or refrain from acting based on anything you read on this site.