Langley & Banack has extensive experience in representing financial institutions in a variety of loan transactions. These loan transactions typically involve working capital lines of credit, guidance lines of credit, construction loans, interim and permanent financing for commercial and residential real estate or home equity loans. Additionally, Langley & Banack’s attorneys have comprehensive knowledge of mortgage lending transactions and have worked with lenders on various aspects of the loan process including review and analysis of lender requirements, regulatory issues, proposed collateral, loan structure, real property title review, title curative matters, lien priority issues, survey analysis, deciphering complex organizational structures, as well as preparation of loan documents. Typical representation involves examination of lender’s loan instructions, review of the commitment for title insurance and survey, identifying and troubleshooting areas of concern, documenting the loan transaction to protect the interests of the lender, and closing and facilitating funding of the loan in accordance with the lender’s instructions.
While Langley & Banack’s attorneys are well versed in facilitating workouts with Borrowers, including, the negotiation and preparation of renewal, extension, and modification agreements, forbearance agreements, deficiency agreements, and reinstatement agreements, our Firm has extensive experience and expertise in representing financial institutions in real and personal property foreclosures. Typical real property foreclosure representation includes delivery of notice of default and acceleration of maturity, due diligence review of existing federal tax liens, real property liens, and other voluntary and involuntary liens against the collateral, and ultimately, should the loan not be brought back to good standing, foreclosure. Our Firm has experience with both judicial and non-judicial foreclosures, home equity foreclosures and probate foreclosures. Personal property foreclosures include delivery of notice of default and acceleration of maturity, retaking possession of collateral, and facilitating public or private sales of collateral. In the event a financial institution is precluded with proceeding with a foreclosure by virtue of a restraining order, bankruptcy, or other judicial process, our Firm is prepared to intervene on behalf of a financial institution to protect its’ rights.
Finally, the Firm has extensive experience in representing financial institutions in all forms of lender liability suits involving loan transactions, deceptive trade practice claims and deposit account litigation.