Commercial Real Estate Workouts and Foreclosures

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Miller Canfield’s commercial real estate workout and foreclosure practice is one of the premier practices in the nation. Focusing on assets in the Midwest, primarily in Michigan, Ohio, Kentucky, Illinois and Indiana, we represent special servicers, investment banks, commercial banks and private investors in distressed real estate debt. Our full-time team of workout professionals has litigated some of the industry’s lead cases, and is expert at developing the most effective and efficient strategy to enforce our clients’ rights in light of each client’s business objectives. And because we are real estate attorneys, in addition to having litigation experience, we never lose sight of what typically matters most: maximizing our client’s long-term recovery on the real estate.

We regularly handle all types of workouts and other resolutions for distressed assets, including:

  • Forbearance agreements
  • Loan modifications
  • Deed-in-lieu transactions
  • Deeds in escrow
  • Distressed real estate loan sales
  • Mortgage assumption agreements
  • Consensual sales through receivers
  • Mortgage foreclosures (both judicial and non-judicial)
  • Receiverships
  • Suits against guarantors
  • Fraudulent transfer claims
  • Fraud investigations and litigation
  • Lender liability claims and litigation
  • Bankruptcy
  • Sales of distressed real estate through powers of attorney, receivers, bankruptcy and as REO property