We Get Foreclosures.
We have conducted thousands of foreclosures in the Mid-Atlantic area.
Foreclosure - Lenders' Attorneys
The attorneys of Rosenberg Martin Greenberg have initiated foreclosure proceedings on behalf of lenders with respect to hundreds of real estate properties under the laws of Maryland, Virginia, West Virginia, the District of Columbia, Delaware and Pennsylvania. They have initiated similar proceeding with regard to numerous types of tangible and intangible personal property interests under the Uniform Commercial Code, including limited liability company membership interests.
For nearly 30 years, we have advised lenders on the most cost-effective strategies for maximum asset recovery when faced with the prospect of foreclosure.
Avoid legal liabilities in bank foreclosures
The involuntary sale of real estate properties by banks or other note holders can expose the latter entities to lender liability suits and/or liabilities or liens that pass with the property if either proper procedures are not followed. Avoid additional legal trouble by working with an experienced lender’s lawyer.
RMG's mortgage lender foreclosure team manages the entire process including:
- Ensuring the chain of paperwork is complete
- Establishing the note holder’s right to commence foreclosure action
- Providing notice prior to sale of foreclosed property
- Attending mediations as required by court rules
- Spotting potential liability issues that the lender could face upon assuming title to real estate owned properties
- Advising on title insurance issues and asserting title insurance claims when appropriate
- Obtaining required ratification orders
- Drafting audits
- Closing on the passage of title instruments
- Determining the costs and benefits of pursuing a deficiency judgment after a loss
Legal advice for managing lender-owned property
As the economic and real estate landscape evolves, so do the legal implications of handling foreclosed property and bank owned homes. For this reason, it is crucial to remain up to date on jurisdictional and statutory requirements such as whether "as-is" clauses in legal ads are effective in the jurisdiction or if an affirmative obligation to make disclosures concerning the real estate is required. Similarly, the Uniform Commercial Code carries its own strict set of statutory rules that must be complied with in order to pass good title to the property acquired by a lender in the event of a UCC foreclosure and avoid jeopardizing the ability to obtain a deficiency judgment, which rules are especially sophisticated when intangible property changes hands.
In addition to overseeing the foreclosure process in court, RMG bank lawyers can also help parties avoid liabilities associated with the sale of the foreclosed property.
Our attorneys consult with you on all relevant points including:
- the cost/benefit of promotional advertising
- appropriate auctioneers
- bidding strategy and terms of sale
We will aggressively monitor every stage of the case from filing, to sale, to ratification.
Avoiding foreclosure auctions
In some cases, foreclosure may not be the best course of action for asset protection. With advice of legal counsel, a “deed in lieu of foreclosure” solution may be possible. Furthermore, lenders may opt instead to work with the property owner, bringing payments up to date, or working out other more cost effective alternatives. Whatever course of action is ultimately chosen, compliance with all applicable state and federal laws are mandatory. Working with an experienced mortgage lending law firm is the best way to ensure that the chosen course of action meets all legal requirements.
Rosenberg Martin Greenberg: a lender's law firm
Rosenberg Martin Greenberg, LLP is a trusted lender's law firm with decades of experience in complex foreclosure proceedings and the fallout that comes with acquisition of real property and other tangible and intangible property. Let us help you navigate this process by helping you find the most cost-effective strategies at every stage of litigation.
The Latest from the Knowledge Center...
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…
Rosenberg Martin Greenberg, LLP is pleased to announce the election of five of its attorneys as partners of the firm, effective September 10, 2020. The new partners are R. Kelvin Antill, Adam D. Baker, Jamar R. Brown, John A. Carpenter, Jr. and Jeffrey M. Lichtstein. “I am very proud of our new partners, all of whom are exceptional people and highly…