Our attorneys have experience in all facets of real estate law and commercial and residential real estate transactions. From single-asset transactions to the largest multi-site deals, we provide a broad range of legal proficiency, experience and practical knowledge to its clients across a broad range of issues relating to real property. In addition, our real estate litigation attorneys bring suits to quiet title, and defend homeowners in foreclosure actions.
We represent private parties, corporate entities, partnerships, small businesses, entrepreneurs, and developers in the business of financing, developing, owning, managing and operating real estate assets.
Our services include:
- Acquisitions and Dispositions
- Complex Commercial Leasing (Tenant and Landlord Representation)
- Workouts & Foreclosures
- Land Use and Zoning
- Real Estate Litigation
- Property Tax Appeals
A foreclosure is a process in which a lender or creditor enforces his/her rights over a mortgaged estate and assumes ownership due to failure of a borrower to pay the mortgage. The lender only forecloses the property if the borrower has failed to pay back the loan in full. The foreclosure process has differences from State to State, depending on whether the State uses mortgages or deeds of trust, for the purchase of real property.
The documents are known as the mortgage, note, and in a commercial transaction, a security agreement. Sometimes the mortgage document is combined with the security agreement. A mortgage, which is not a loan, is filed to evidence the underlying debt and terms of repayment, which is set forth in the note.
The bank has a claim on the house if the homebuyer defaults on paying the mortgage. The mortgagor is the borrower (the homebuyer) while the mortgagee is the lender (the Bank). A deed of trust is similar to a mortgage, but it pledges real property to secure a loan. The trustor is the borrower, the beneficiary is the lender, and the trustee is a third party that holds legal title to the property.