Foreclosures and Loan Workouts Richmond

Richmond Foreclosures and Loan Workouts

The attorneys of MG Law work with national, community and individual lenders to resolve the issues surrounding Foreclosures and Loan Workouts. We strive to make this process as efficient and trouble free as possible so our clients can put their assets back to work in the market.

When dealing with Foreclosures and Loan Workouts, our attorneys work with each of our lenders to develop strategies that best protect the lender’s assets and security property, including the renegotiation of loan documentation and terms, forbearance, and foreclosure. Additionally, MG Law works to assure our client’s compliance with all legal requirements and to ensure that all possible means of recovery are pursued in a timely and cost effective manner.

Our clients secure their loans with a wide array of collateral ranging from tracts of undeveloped land, buildable lots, single and multi-family housing, commercial buildings, and various types of personal property such as equipment, inventory, and fixtures. Whether the case in question requires the negotiation and drafting of a loan forbearance agreement, or the foreclosure and auction of real and/or personal property, MG Law works to secure these assets as quickly as possible. After the collateral has been levied upon, our attorneys can pursue suits against the deficient borrowers and guarantors.

Additional Resources:
Virginia Tackled Foreclosure Problems First
New Protections for Tenants Residing in Foreclosed Homes