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Commercial Foreclosure | Queens | Nassau County | New York
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As experienced Commercial Foreclosure Attorneys in New York, The Schreck Law Group knows and understands the financial difficulties that businesses are experiencing during these tough economic times.
What is Commercial Foreclosure?
Commercial foreclosure is actually very similar to residential foreclosure. The difference is that commercial foreclosure occurs when a business, rather than an individual, fails to pay its commercial mortgage. When this happens the lender immediately begins court proceeding to take possession of the property so that they can sell it again and make back the money that the business owes.
The Schreck Law Group has worked with businesses large and small and helped them with their New York commercial foreclosure litigation. At The Schreck Law Group, we provide personalized service with the experience of a high powered New York commercial foreclosure attorney. Call our Nassau County and Queens offices at (516) 500-1270.
What You Can Do
If you are behind in your mortgage payments and fear that the lender will initiate a foreclosure proceeding, the first thing you should do is contact a New York commercial foreclosure lawyer. When a lender forecloses in New York, they usually take a huge loss. Because of this, lenders are often willing to negotiate a deal that will help make payments more manageable.
The Schreck Law Group has worked with small businesses to high volume corporations and helped them with their New York commercial foreclosure litigation. At The Schreck Law Group, we provide personalized service with the experience of a high powered New York commercial foreclosure attorney. Call our Nassau County and Queens offices at (516) 500-1270.