Creditors Rights and Foreclosures
Rubin, Ehrlich, Buckley & Przekop PC represents clients in all aspects of creditors’ exercising their rights and remedies related to loans. Our numerous years of experience in the fields of foreclosure, work outs, asset execution, real estate and litigation provide our clients with effective and efficient representation. We serve as counsel for secondary market loan purchasers, financial institutions, and national servicers. Our representation has included hundreds of foreclosure actions; collection suits; work out transactions; execution on assets of debtors; appointment of receivers; and representation in bankruptcy matters for relief from the stay.
Understanding our clients’ needs of cost effective representation following a default by a borrower, we have assembled a team of attorneys whose experience and breadth of knowledge provide our clients with the fast and cost-effective service they desire. In a foreclosure action, our representation can include preparing and delivery of required notices; preparing, filing and serving the foreclosure complaint; managing and processing of the foreclosure action; obtaining relief from a bankruptcy stay; obtaining foreclosure judgment; negotiating and preparing purchase contracts with third parties for the purchase of loan; preparing a deed-in-lieu of foreclosure; attending sheriff sale and purchasing the foreclosed property at the sheriff sale; and obtaining deficiency judgments against borrowers and/or guarantors.
After representing a foreclosing creditor in a foreclosure action, our clients can rely on Rubin, Ehrlich, Buckley & Przekop PC to meet their continuing legal needs for the property. This representation can include negotiating and preparing new leases and lease modifications with tenants, tenant eviction actions, negotiating property management agreements, and preparing and negotiating purchase agreements for the sale of the property and all aspects of the sale of the property.