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Real Estate

Foreclosures & Workouts

Butzel Long attorneys have extensive experience representing lenders, borrowers and guarantors in all aspects of loan enforcement, including judicial and non-judicial foreclosures, exercise of assignments of rents, seeking and obtaining appointment of receivers, representation of receivers, enforcement of loan guaranties and defense of guarantors.  Our extensive experience includes alternatives to foreclosure, such as workouts, restructuring, short sales and deed-in-lieu of foreclosure arrangements.  We have represented secured lenders and borrowers in connection with bankruptcies, including the negotiation and implementation of cash collateral orders, and have litigated the enforceability of assignments of rents in bankruptcy and motions for relief from the automatic stay.  Butzel Long’s cross-disciplinary team approach brings the real estate, bankruptcy, tax and litigation experience needed to effectively and efficiently handle foreclosures and workouts, whether on behalf of the lender, creditor or lien holder, or on behalf of the borrower, guarantor or third parties such as condominium associations, contractors and title companies.