Leveraging Mortgages And Security Interests As A Collections Remedy

At CreditorCollections, A Law Firm, experienced collections lawyer Joel Blumberg understands the details of perfecting, enforcing and liquidating the collateral that protects your commercial debt collection claim. For many creditors, the primary recourse against a debtor in default will be the practical ability to proceed against collateral assets.

The whole point of taking a mortgage or security interest is to protect your ability to enforce your claims against specific assets. You need to be able to count on your attorney to prepare enforceable documents, perfect your interest to establish priority against competing creditors or a bankruptcy trustee and make efficient use of prejudgment or post-judgment remedies.

Handling Foreclosure And Lien Enforcement Proceedings Throughout Florida

With over 30 years of experience in commercial collections, attorney Blumberg understands the full range of creditors' remedies, including those involving:

  • First or second mortgages on real estate
  • Security interests in equipment, inventory or receivables under Article 9 of the Uniform Commercial Code
  • Mechanic's liens
  • Judgment liens
  • Possessory interests in collateral through pledges

At CreditorCollections, A Law Firm, we can advise you about the considerations that need to guide your actions when liquidating collateral to reduce a loan balance or satisfy a judgment. In some situations, you'll need to dispose of collateral in a "commercially reasonable" manner. Attorney Blumberg can help you identify the means of liquidation that can satisfy any applicable requirements.

Protecting Your Rights Under Mortgages And Security Interests

In situations where the value of the collateral has fallen, you might need to negotiate a short sale or workout terms with your debtor and other lien holders. CreditorCollections, A Law Firm, and attorney Blumberg can help you in these situations as well.

To learn more about representation in collateral foreclosure and asset liquidation situations, contact us online or call 888-899-7394 today. From our office in West Palm Beach, Florida, we help clients throughout the world.