Commercial Foreclosure

Attorneys Assisting West Michigan Residents

The recent downturn in the Michigan and U.S. economies has had a drastic impact on businesses. In addition to possibly having to have downsized, many businesses are having difficulties keeping up with mortgage payments, leaving them facing foreclosure. If you are struggling to make ends meet and wish to explore your options for dealing with an impending commercial foreclosure, enlist the assistance of an experienced foreclosure lawyer.

At Willis Law, our lawyers are committed to helping you protect your business from foreclosure. Whether this means that we can avoid the foreclosure by utilizing another method of resolution or minimizing the damage to your credit that a foreclosure might create, we strive to help clients understand their rights and how any steps we take may impact the business. Contact us today to discuss your commercial foreclosure questions and concerns.

Avoiding Foreclosure

While foreclosure is not always avoidable, it is often in the best interests of a business to avoid the foreclosure action. Our firm works closely with clients to reach a resolution that suits their needs, their business and still serves the lender's purpose. Many lenders want to continue to get paid and will work with clients to ensure this happens.

We can explore a variety of options, such as:

  • Short sales
  • Bank workouts
  • Reduction in principal
  • Waiver of deficiency
  • Deed in lieu of foreclosure
  • Receiverships

We can also work with another bank to potentially have them buy you out and thus avoid the foreclosure.

The Future of Your Business

Whether you are a developer, business owner, property owner or other commercial entity facing foreclosure, you need to think about the future of your business. By enlisting an experienced foreclosure attorney, we can immediately begin exploring your options and determine the best course of action for your business. We work to protect your business by avoiding foreclosure or moving forward with the foreclosure and minimizing the damages to your business and credit.

Contact a Kalamazoo Commercial Foreclosure Attorney

Contact a commercial foreclosure lawyer at Willis Law to schedule an appointment and discuss your questions and concerns. From offices in Kalamazoo and Paw Paw, we counsel people throughout West Michigan, but have experience representing clients from California to Canada.

Michael Willis is the contributing author for this content.

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