Special Assets

The attorneys in our Special Assets Group have over 200 years of combined experience and bring a multi-disciplined approach to representing lenders, developers and investors with troubled loans, loan portfolios and distressed properties. We represent lenders in the negotiation of loan workouts and forbearances agreements, as well as in mortgage foreclosure actions, deficiency actions and bankruptcy proceedings.  Our Special Assets Group also has experience in representing lenders in the sale of troubled loans and loan portfolios. We pay close attention to maximizing the recovery for our lender clients under their loan documents while protecting them from potential claims by borrowers and third parties.

Members of our Special Assets Group practice in the areas of creditors’ rights and bankruptcy, real estate, banking, land use, condominium law, and environmental law. The experience this group possesses allows us to represent purchasers of loans and distressed properties. When we negotiate loan purchase or real estate purchase agreements for investor clients, we make sure lenders provide sufficient disclosures and representations from the sellers. This insistence helps our clients make well-informed decisions so they can take advantage of market conditions to obtain properties at favorable prices.  

We also perform thorough due diligence review and evaluation on behalf of clients. This service includes loan documents, land use and zoning review, review of the state of title, assessment of bankruptcy risks as well as review and assessment of condominium and homeowner association documents and possible liabilities arising under the condominium and homeowner statutes.

The attorneys in our Special Assets Group understand that in a tough economy our clients need assistance in getting “deals done.”  To help clients move promptly in their best interest, we place a priority on providing thorough and complete assessments of options and corresponding risks.