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Real Estate Workouts

Weissman, Nowack, Curry & Wilco, P.C. has an interdisciplinary team of lawyers available to aggressively assist lenders with the legal work arising out of non-performing real estate loans. Drawn from the litigation, real estate and real estate finance sections of the firm, the team is presently handling the following types of work for its lender clients:

Assist Lenders in Developing a Strategy for the Non-Performing Loan Our team members review loan documentation (including promissory notes, loan guarantees, deeds to secure debt, intercreditor agreements, master credit line agreements and mezzanine loan documents, etc.) to help clients understand their rights and options relative to the non-performing loan and assist them in developing a strategy to maximize their return on the non-performing asset.

Provide Litigation Services When a decision has been made to collect on a promissory note, sue on a personal guarantee or foreclose on property, our team members are there to perform a full range of litigation services in all state and federal courts including bankruptcy court.

Assist in Evaluating, Operating and Disposing of the Real Estate Asset
Our team members evaluate the zoning and other entitlements on the property, review whether there are any title issues affecting the property, review easements, covenants and condominium legal documents of record to determine the lender's assessment obligations, rights to control a condominium and homeowners' associations developments rights and liability to complete the development, and review and prepare real estate sales contracts, listing agreements, auction agreements and other documents used in the disposition of the Property.

Why Choose Us?

There are four reasons a lender should consider using the services of the WNCW loan Default and Workout Team.

Specialized Knowledge of Troubled Real Estate Assets.
Members of the team have highly specialized expertise in: a) mixed-use, condominium and master planned communities, b) all aspects of single family and multi-family residential real estate developments, c) real estate contracts, and d) real estate brokerage. As such, we have a unique ability to help clients evaluate and dispose of their troubled assets with a minimum of legal problems.

Comprehensive Approach to Issues Relating to Non-Performing Loans
While every client is assigned a senior team member as a point of contact regarding a non-performing loan, through the use of a team concept, WNCW is able to provide comprehensive advice and legal services to clients on all aspects of non-performing loans.

Big Firm Expertise at Small Firm Prices
WNCW is a boutique real estate law firm – rates are historically $100-$200 less than the big firms for the same type of expertise.

Aggressive and Practical Business Oriented Approach to Non-Performing Loans
Our lawyers bring an aggressive but practical business oriented approach to the legal issues associated with non-performing loans. Collecting money from people who either don’t have it or don’t want to depart with it can be messy business. It requires lawyers who are not afraid to roll up their sleeves and do what it takes to collect what our lender clients are owed. WNCW has these types of lawyers.