Experienced Attorneys Developing Cost-Effective and Innovative Processes
The economic recession has hurt many Florida business professionals, including many developers, contractors and entrepreneurs. As property values plummeted and business slowed, many prominent professionals struggled to maintain operations. With banks' increasing hesitation to lend, many successful businesses can no longer afford their commercial mortgages or other loan obligations.
At Payton & Associates, LLC, we have successfully defended many commercial entities and business professionals against the foreclosure of their properties. We successfully resolve cases by selling the property to third parties at appreciated prices. By doing so, the borrower profits from the sale and the lender is paid in full. Through effective strategies, we strive to achieve the best results for our clients through cost-effective and innovative processes.
Lost Mortgage Notes
If a lender does not possess the promissory note associated with the mortgage, the lender is prohibited from enforcing the note or foreclosing on the property. Lenders can attempt to remedy this situation by reestablishing the note. However, the note cannot be automatically reinstated. With lenders bundling and securitizing mortgage promissory notes, this is a common problem for lenders today. It can lead to a windfall for the borrowers, since the lender cannot foreclose the property even if the note would otherwise be in default. Payton & Associates defends borrowers against lenders' claims when the lender no longer has the promissory note.
Fort Lauderdale Commercial Real Estate Lawsuit Attorneys
Our lawyers have extensive experience defending against commercial foreclosures. We are one of few firms that will fight a foreclosure lawsuit against large financial institutions in court. Many large firms have relationships with the lenders, and many small firms lack the experience and resources to provide an adequate defense. Our attorneys have both the experience and the knowledge to protect our clients. With our vast experience and effective communication skills, we have often resolved many cases in which all parties benefit.
Contact our South Florida law firm online or call us at 305-432-9795 x 15 to schedule a consultation with a Miami commercial foreclosure litigation attorney.
