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Iurillo & Associates, P.A. represents borrowers including developers, investor groups, builders, business owners and guarantors in complex commercial foreclosure cases. We identify and address each client’s specific business goals and develop the appropriate strategies to work toward meeting those goals. In addition, we assure that our clients are aware of the different outcomes associated with the alternative strategies so that the clients can make informed business decisions.
With today’s economic climate and the perceived restraints on lenders' ability to restructure debt with borrowers, we strive to continue to apply unique and innovative strategies to meet our clients’ financial goals, or in the alternative, to minimize our clients’ exposure to deficiency judgments. That process begins with developing a pre-suit foreclosure workout to present to the lender. At the same time, considerations must be made to assure that borrowers are not induced into waiving certain rights pre-foreclosure that could devastate their ability to adequately defend a foreclosure case if settlement does not occur.
If pre-suit settlement is not possible, many times the foreclosure case can be resolved after the foreclosure complaint is filed. Our clients benefit from Iurillo & Associates, P.A.’s substantial experience defending other developers, builders, investors and business owners
In response to a foreclosure complaint, we prepare appropriate and legitimate defenses on behalf of our clients. Many times, once the lender realizes that there are pitfalls and dangers to proceeding with litigation, a settlement can be reached during the foreclosure process.
If settlement still cannot be achieved, then further litigation strategies are considered, including but not limited to a trial on the merits depending on the strength of the case, friendly foreclosure, deed-in-lieu of foreclosure and negotiating on any potential deficiency judgment.
We encourage you to meet with one of our attorneys to discuss your situation and to receive substantive information on your foreclosure alternatives. We understand that each foreclosure case is unique. Our attorneys will conduct a comprehensive analysis of your case and any loan documents at issue to develop a plan of action that is best suited to meet your overall business goals.