Rosenberg Martin Greenberg's attorneys have initiated foreclosure proceedings across Maryland, Virginia, West Virginia, Washington, D.C., and Pennsylvania, covering real estate and various personal property under the Uniform Commercial Code. With our decades of experience, we advise lenders on efficient strategies to maximize asset recovery during foreclosure.
Mitigate Risks in Bank Foreclosures
Foreclosing on properties involves legal complexities that can lead to lender liability if not managed correctly. Our seasoned team helps lenders avoid legal pitfalls by ensuring:
- Completion of paperwork chain
- Validating the right to commence foreclosure
- Providing required pre-sale notices
- Attending mediations
- Identifying potential liability issues post-foreclosure
- Advising on title insurance and pursuing claims as needed
- Obtaining necessary legal orders and drafting audits
- Closing on property transfers and assessing deficiency judgments
- Legal Guidance for Lender-Owned Properties
Navigating the evolving economic and legal landscape of foreclosed properties requires staying up to date on jurisdictional and statutory requirements. Our attorneys offer strategic advice on:
- Compliance with "as-is" clauses and disclosure obligations
- Statutory rules under the Uniform Commercial Code for intangible property foreclosures
- Consultation on Foreclosure Alternatives
In some cases, alternatives like "deed in lieu of foreclosure" or renegotiation with property owners may better protect lender interests. Our legal team provides insights into:
- Cost-effective advertising and auction strategies
- Negotiating terms and strategies for property sales
From initial filing to final sale, Rosenberg Martin Greenberg diligently monitors every stage of your foreclosure case. Ensure compliance with state and federal laws with our experienced commercial lending attorneys.