Banking and Foreclosure

Price, Meese, Shulman & D’Arminio is frequently called upon by major regional and non-institutional lenders for the diverse services we offer in connection with real estate, asset-based, construction and term loans and refinancings. We are experienced in both secured and unsecured debt financings.  When necessary, we work with the attorneys in our Commercial Litigation or Bankruptcy/Creditors Rights areas, to represent lenders in the restructuring or modification of delinquent loans, or assist in negotiating new loans to resolve a particular problem.

Governor Murphy announced yesterday that the state has agreed with major financial institutions for a 90 day grace period for mortgage payments effective immediately. Financial institutions will offer, consistent with applicable guidelines, mortgage payment forbearances of up to 90 days to borrowers economically impacted by COVID-19. In addition, those institutions will: 1. Provide borrowers a […]

On April 29, 2019 Governor Phil Murphy signed into law a legislative package consisting of nine new statutes aimed at addressing issues in connection with mortgages and mortgage foreclosure. A principal purpose of the new laws is to help people with homes in foreclosure by codifying and funding a foreclosure mediation program and to provide […]