Foreclosures
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At Sundgaard, we have extensive experience with all aspects of insolvency, bankruptcy and financial distress. We are qualified to help you or your business manage any financial challenges.
Foreclosures
We often handle real estate in bankruptcy estates. This can be concerning leases, if the bankrupt estate is a tenant or landlord, or the sale of real estate belonging to the bankrupt estate.
At Sundgaard, we have extensive experience in handling all aspects of distressed real estate. This can be in the case of managing rental properties in distressed real estate business’, developers and investments or other property companies. Distressed real estate sales can be concluded through ordinary transactions and listing or foreclosures. We always have a strong focus on achieving the best result for both the mortgagees and other creditors.
Foreclosures in distressed business or bankruptcies have become rare. Often sales through ordinary transactions and public listings offer better results. However, foreclosures are a possible and sometimes viable solution. If forclosure is necessary, we also have considerable experience with this, both as trustee or as an adviser to a mortgagor. We also represent buyers who wish to bid on properties at foreclosure. When buying from a bankruptcy estate or at a forclosure, there are a number of pitfalls that you need to be aware of, which is why it is a good idea to be represented by a attorney.
