Legal and Practical Considerations for Commercial Foreclosures in NJ/NY
The present economic landscape has forced a multitude of banks and other lenders to evaluate their rights, options and strategies as it pertains to maximizing recovery from borrowers in default on commercial mortgages or other distressed debt. Neither New York nor New Jersey have been immune to the challenges presented in the commercial mortgage context as a result of the current economic climate. This webinar will provide both an overview and recent updates in commercial foreclosure law in New York and New Jersey, as well as best practices and strategies for navigating the commercial foreclosure process from the perspectives of both lenders and borrowers.
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Results may vary depending on your particular facts and legal circumstances.
As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.
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