We Document Review.
Our attorneys have experience identifying issues with existing loan documentation.
Document Review & Title Search
For loans under review by a lender, Rosenberg Martin Greenberg provides meticulous document review attorneys to prepare thorough analysis of all relevant documents as well as title search to determine whether there are any deficiencies or title issues that may affect the strategy to be employed by a lender, either anticipating or following a loan default. Even if there is a clear default under the loan, deficiencies in the documents may adversely affect the lender’s ability to exercise its default rights and remedies. Any such shortcomings must be identified for the lender prior to issuing the loan. A review by the attorney and lender is then necessary so that a reasoned decision can be made regarding how to proceed in the transaction.
For nearly 30 years, RMG has worked on behalf of our lender clients to ensure that the deals they make are sound ones. Lending is risky business. But when you trust the document review to a dedicated team of seasoned legal professionals, your interest can be protected. Our goal is always to minimize our client lenders' overall risk exposure and to improve the operational and financial performance of their investments.
A comprehensive doc review includes examinations of any relevant documents including:
- mortgage documents
- existing notes and executed riders
- certificate of mortgage insurance and/or guarantees
- assumption or modification agreements
- leasehold estate documentation
- settlement statements
- endorsement and assignment chains
- condominium or cooperative documentation
- title insurance
Protecting Lenders' Rights and Remedies
Failure to comply with loan covenants may trigger a default under which the lender may opt to exercise options and remedial measures such as the right to foreclose on collateral, accelerate the debt or commence legal action to compel repayment. However, any undiscovered document deficiency or oversight in the initial loan agreement, can work to prevent aggrieved lenders from taking legal action to recover losses.
RMG document review attorneys protect our lender clients' rights and remedies with a meticulous of review of items where such deficiencies are often hidden including:
- borrower representations regarding proper corporate authority to enter into the agreement
- representations regarding borrower's good standing under relevant legal authority
- representations concerning absence of material borrower default on other outstanding loans
- warranties regarding title to collateral used to secure the debt at issue
- articulation of default triggers
- matters pertaining to high-risk borrowers and guarantors
Our team will also conduct a thorough title search to ensure the saleable interest in the property at hand, freedom from restrictions related to its use, and whether any liens exist that might affect the lender's priority in the event of default.
Contact an RMG document review attorney
When the possibility of a loan default looms on the horizon or has already occurred, lenders have only the executed agreements to determine the right path forward. Serving lenders in Virginia, Maryland, DC, and across the Mid-Atlantic region, we at Rosenberg Martin Greenberg understand the intricacies and implications of key loan clauses and are prepared to assist lenders in developing the strategies they need to enforce their rights under the law.
Document Review Team
The Latest from the Knowledge Center...
Now Accepting Applications: Rosenberg Martin Greenberg Opens 2022 Application Process for Second Cohort in its Building Black-Owned Business in Baltimore Program
On July 1st, Rosenberg Martin Greenberg (RMG) began accepting submissions for its second cohort in the Building Black-Owned Business in Baltimore Program (the “BBOBB Program”). Black business owners in the Baltimore Metro Area are encouraged to apply in order to receive complimentary legal services for one year. From the applicant pool, five businesses will be…
Rosenberg Martin Greenberg is proud to announce that twenty of its attorneys have been selected for inclusion in the 2022 edition of Maryland Super Lawyers®. The firm’s attorneys who have been selected include Benjamin Rosenberg, Gerard Martin, Barry Greenberg, Gerard Gaeng, Andrew Baida, Louis Ebert, William Hallam, David Wyand, Caroline Hecker, Charles Curlett, Jr., Steven…
Rosenberg Martin Greenberg LLP is pleased to announce that the firm has been ranked in the 2022U.S. News – Best Lawyers® “Best Law Firms” list nationally in 4 practice areas and regionally in 18 practice areas. Firms included in the 2022 “Best Law Firms” list are recognized for professional excellence with persistently impressive ratings from…
Caroline L. Hecker Named First Woman and Non-Founder to Serve As Managing Partner of Rosenberg Martin Greenberg, LLP
Rosenberg Martin Greenberg, LLP is pleased to announce that Caroline L. Hecker has been elected as the firm’s next Managing Partner. Caroline will assume the role effective January 3, 2022, becoming the third Managing Partner in the firm’s 34-year history and the first woman and non-founding member to hold the position. “Caroline is an extremely…
Rosenberg Martin Greenberg is pleased to announce the addition of Bryan K. Saxton, Brooke A. Hutchins, Drew E. Tildon, and Thérian (Jung Yong) Lee. Barry Greenberg, RMG’s Managing Partner and head of the Firm’s real estate practice group, said: “Our new attorneys add additional depth to multiple practice groups within the firm and are eager to work…
Seventeen Rosenberg Martin Greenberg, LLP Attorneys Selected for Inclusion in Baltimore Best Lawyers in America in 2022
Rosenberg Martin Greenberg, LLP is proud to announce that 17 of its attorneys have been selected by their peers for inclusion in the Best Lawyers® in America 2022 List, to be featured in U.S. News & World Report. Best Lawyers® is a respected peer-review publication in the legal profession which has been published for over…
Rosenberg Martin Greenberg is pleased to announce the addition of our “COVID class” of seven new attorneys to the firm during the past 12 months. We would like to welcome Christina “Chrissy” Bolmarcich, Brett F. Baldino, Jeffrey S. Greenberg, Gabrielle D. Shirley, Jessica L. Duvall, Robert M. Berman and M. Ari Storch. Barry Greenberg, RMG’s Managing Partner and head of the Firm’s real…
Rosenberg Martin Greenberg is proud to announce that nineteen of its attorneys have been selected for inclusion in the 2021 edition of Maryland Super Lawyers®. The firm’s attorneys who have been selected include Benjamin Rosenberg, Gerard Martin, Barry Greenberg, Gerard Gaeng, Andrew Baida, Louis Ebert, William Hallam, David Wyand, Caroline Hecker, Charles Curlett, Jr., and…
Rosenberg Martin Greenberg LLP is pleased to announce that the firm has been ranked in the 2021 U.S. News – Best Lawyers® “Best Law Firms” list nationally in 6 practice areas and regionally in 19 practice areas. Firms included in the 2021 “Best Law Firms” list are recognized for professional excellence with persistently impressive ratings…
It is no surprise to anyone involved in consumer lending that laws designed to protect consumers from inception of the loan relationship through collection of the loan following default vary greatly from state to state and even by loan type within a state. Not staying on top of these variations can get even an experienced…