Practice Areas

Practice Areas

REAL ESTATE LOAN WORKOUTS

Advocate Solutions has established a Financial Crisis Team in response to the unprecedented upheaval in the real estate and financial markets. Our real estate loan workout practice provides homeowners with the following options:

  • Loan Workouts A loan workout is a broad term which encompasses a variety of options that may benefit both the homeowner and the lender if the loan is delinquent or in default. The options include a loan modification, forbearance, short sale or deed-in-lieu of foreclosure.
  • Mortgage Modifications A loan modification is a restructuring of the terms of the note between the borrower and the mortgage lender. Loan modifications may be short-term or long-term solutions for borrowers facing financial hardship and contemplating foreclosure.
  • Forbearance A forbearance is used when your lender files a Notice of Default. You are allowed to delay or reduce payments for a short period, with the understanding that another option will be used at the close of that time period to bring the account current. If your lender is in agreement, they will temporarily cease legal actions.
  • Short Sale A short sale is used when negotiations for a workable loan modification have failed or the homeowner cannot afford to maintain the property. If the lender agrees to a short sale, it will take a loss by accepting a purchase amount for the property below the total amount due on the mortgage.
  • Deed-in-Lieu A deed-in-lieu is an instrument which conveys all interest the homeowner has in the real property to the lender in satisfaction of the loan in order to avoid foreclosure proceedings.

    Our Financial Crisis Team also provides homeowners with forensic loan audits to identify any violations of federal and/or state laws by your lender in documenting the loan.

If you would like assistance with a real estate loan workout, please click here to complete the form and someone from Advocate Solutions, Inc. will follow-up with you.

DEBTOR REORGANIZATION OR LIQUIDATION

Our firm represents both debtors in reorganization or liquidation of assets. We provide cost-effective solutions to businesses or individuals contemplating bankruptcy by providing the highest standard of practice. This practice area includes:

  • Non-Judicial Debt Restructuring and Workouts
  • Negotiation and implementation of Chapter 11 Plans
  • Acquisitions and Sales of Assets of Distressed Businesses
  • Landlord-Tenant Issues
  • Bankruptcy Liquidation

BANKRUPTCY LITIGATION

Creditors' Rights

Advocate Solutions advises clients on issues relating to bankruptcy, commercial law, and secured transactions. The scope of our creditors’ rights practice includes:

  • Motions for Relief from Automatic Stay
  • Motions to Dismiss Improperly Filed Bankruptcy Cases
  • Motions Contesting Use of Cash Collateral
  • Motions to Determine the Status and Priority of Liens
  • Motions Contesting the Debtor’s Plan of Reorganization
  • Litigation Regarding Preferences and Fraudulent Transfers
  • Litigation Regarding Dischargeability of Debt

To speak to an attorney about your case, contact us at 310.601.7157.