New York City Real Estate

Mortgage lenders must navigate complex legal and regulatory challenges, including loan defaults, foreclosure proceedings, compliance with federal and state lending laws, borrower disputes, and fraud prevention. Our attorneys help lenders proactively address these issues while minimizing risk.

Mortgage lenders are subject to strict regulations, including the Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), and Equal Credit Opportunity Act (ECOA). Our attorneys provide guidance on compliance, helping lenders avoid penalties, lawsuits, and reputational damage.

Borrowers should carefully review loan terms, interest rates, repayment structures, prepayment penalties, and legal obligations before signing a mortgage agreement. Our attorneys help borrowers negotiate fair terms and identify any unfavorable conditions.

Our attorneys guide lenders through judicial and non-judicial foreclosure processes, ensuring compliance with state laws, handling borrower disputes, and recovering assets efficiently. We also explore alternatives such as loan modifications and forbearance agreements when appropriate.

Key risks include borrower defaults, title defects, regulatory non-compliance, and contract disputes. We help lenders and borrowers mitigate these risks through due diligence, properly structured loan agreements, and proactive legal strategies.

Yes, we provide legal counsel for commercial mortgage transactions, including financing for office buildings, retail centers, multifamily properties, and industrial developments. Our attorneys ensure transactions are structured for long-term financial success.

Borrowers facing unfair lending practices, contract breaches, or disputes over loan modifications can seek legal recourse through negotiation, mediation, or litigation. Our attorneys represent borrowers in resolving mortgage-related conflicts while protecting their rights.

When borrowers struggle to meet loan obligations, our attorneys assist in negotiating loan modifications, including interest rate reductions, extended repayment terms, and restructuring agreements to avoid foreclosure.

Due diligence is crucial in identifying financial, legal, and regulatory risks before finalizing a mortgage transaction. We conduct comprehensive reviews of borrower creditworthiness, property titles, and contract terms to protect lenders and borrowers alike.

Lenders and borrowers should consult an attorney before entering into a mortgage agreement, during negotiations, when facing disputes, or if foreclosure or loan modification becomes necessary. Early legal intervention can prevent costly mistakes and ensure a smooth transaction.