Florida Commercial Foreclosure Litigation
In Florida, mortgages are the primary instrument used to secure loans for commercial property. If you default on your commercial mortgage, your lender may begin a foreclosure lawsuit. In addition to commercial loan foreclosures, properties may be foreclosed by governmental entities for defaults in the payment of taxes, special assessments, and other liens. In Miami and Fort Lauderdale, as in all of Florida, the first thing you should do if you are threatened with a foreclosure lawsuit is to seek legal representation. A knowledgeable Miami or Fort Lauderdale commercial foreclosure lawyer will evaluate the merits of your foreclosure defense and lender liability claims.
Commercial Foreclosures on the Rise
Many commercial property owners in the Miami-Fort Lauderdale area bought their properties at the height of the real estate boom, when prices skyrocketed and vacancies plummeted. In this more difficult economy, many commercial property owners do not have the ability to refinance their mortgages to avoid foreclosure, or to draw on other funds to meet their obligations. In fact, commercial foreclosures are expected to rise in the near future.
Fighting a Foreclosure Lawsuit
If you are faced with a commercial foreclosure lawsuit in Miami or Fort Lauderdale or anywhere in Florida, be sure to engage an experienced professional. We have many years of experience defending commercial foreclosures in Miami, Fort Lauderdale, throughout Florida, and even in a number of other states. We have filed and prosecuted numerous lender liability claims, and have resolved many commercial foreclosure cases before trial.
As one of the most experienced commercial foreclosure law firms in Miami and Fort Lauderdale, we know what questions to ask:
- Does your lender have possession of your original mortgage note?
- Did your lender breach your contract?
- Did your lender fail to fund your development?
- Did your lender engage in fraud in inducing you to commit to the mortgage?
- Did your lender commit fraud to induce foreclosure?
- Did your lender violate applicable provisions of the Florida Deceptive and Unfair Trade Practices Act?
Facing a Foreclosure Lawsuit in Miami or Fort Lauderdale?
Are you are seeking a Miami or Fort Lauderdale commercial foreclosure lawyer? Payton & Associates LLC defends every Miami and Fort Lauderdale foreclosure litigation creatively, vigorously, and professionally. If you are faced with a Fort Lauderdale or Miami foreclosure lawsuit, contact us so that we can promptly assess your foreclosure defenses and lender liability counterclaims.
