When a business defaults on its mortgage, the lender may resort to foreclosure as a way of repossessing the property. For obvious reasons, the threat of foreclosure can cause significant stress for a business owner and may threaten the existence of the business itself. If you are a business owner who is having difficulty paying a mortgage, it’s important to get legal advice as soon as possible.
At Tully Rinckey PLLC, our experienced commercial real estate attorneys stand ready to provide you with aggressive representation in all of your business real estate needs. In some cases, our attorneys may be able to assist you in avoiding foreclosure through negotiations, mortgage modifications, and other strategies. The earlier you contact us, the more options you may have.