Commercial & Residential Foreclosure
Kriss & Feuerstein’s foreclosure group represents banks, private lending intuitions, non-traditional lenders, and individuals in the enforcement of mortgages and security agreements throughout New York and New Jersey. Our attorneys are aggressive and sophisticated real estate litigators; not paper pushers.
Kriss & Feuerstein distinguishes itself in the foreclosure of commercial properties and multi-family dwellings in the five boroughs. Our experience is a crucial difference when dealing with receivers, city departments and city agencies during the course of a foreclosure. Further, our expertise in this area is demonstrated in the negotiation and enforcement of workouts.
We have also successfully prosecuted hundreds of residential foreclosures. The regulatory response to the 2008 financial crisis brought drastic change to the practice of foreclosure litigation in New York and New Jersey. Myriad laws and regulations were instituted at the state and federal levels which lenders, and their counsel, must comply with at each step of the foreclosure process. Our attorneys and support staff gained invaluable experience by practicing through that period.
We are also skilled in the negotiation, drafting, implementation and enforcement of all manner of workouts such as payment plans, modifications, extension agreements and forbearances.
Kriss & Feuerstein offers lenders counsel from borrower’s default through to a foreclosure sale and everything in between. When a borrower files a bankruptcy petition during the foreclosure process, our bankruptcy group is ready to seamlessly step in to continue to enforce lenders’ rights and remedies. If a modification agreement is necessary, our lending group is ready to paper the new terms. Should the property become bank owned after a foreclosure sale, our transactional practice is prepared to bring the property through sale to a third party just as it would handle any other sale.
You will find our foreclosure team to be knowledgeable, responsive and innovative.