Banking Law
Corporate and Consumer Lending Matters for Financial Institutions and Borrowers
Willis & Willis, PLC provides financial institutions with legal counsel both in banking law and general corporate areas, including executive compensation, employee relations, environmental, trademark, securities, litigation, foreclosures, loan modifications, foreclosure by advertisement, foreclosure by judicial action, foreclosure negotiations, short sale negotiations, deeds in lieu of foreclosure, collections on deficiencies and many others.
We provide complete services to both lenders and borrowers, including negotiation, documentation, and closing of commercial and residential real estate loans.
Contact us for seasoned representation by a qualified attorney.
Banking Law Representation During Loan Transactions
Our basic services include preparing and/or renewing commitment letters, performing due diligence, handling collateral priority and perfection issues, drafting and negotiating transaction documents and loan terms, and conducting closings.
We also regularly provide advice in a number of substantive areas indirectly related to lending, including:
- Regulatory issues, including analysis of environmental risks
- Real estate title issues
- Title and ownership issues where special types of collateral are involved, such as aircraft and intellectual property
- Questions concerning insolvency, bankruptcy and fraudulent conveyance risks
- Foreclosures including loan modifications, foreclosure by advertisement, foreclosure by judicial action, foreclosure negotiations, short sale negotiations, deeds in lieu of foreclosure, and collections on deficiencies
Willis & Willis, PLC's attorneys frequently advise business clients in connection with their commercial financing arrangements, providing assistance at all stages of a loan transaction through the closing.
The banking law services we most often provide include document review and analysis; negotiation of loan and document terms; and assistance with closing requirements. We also render third-party opinions on behalf of business clients to lenders and other transaction parties.
Loan Modifications, Loan Workouts and Bankruptcy Creditor Representation
Willis and Willis, PLC assists both borrowers and lenders interested in loan workouts to efficiently address troubled loans by preparing practical advice geared toward achieving realistic goals.
When representing borrowers, we may determine it is in our client's best interest to seek a modification of the mortgage or other loan terms. We will work with the bank to come to a favorable agreement, which could involve a lower interest rate or monthly payment, an extension of the loan period, or other options.
When representing lenders, we ensure each loan is in compliance with federal law and qualifies for any available federal incentives.
We also represent creditors in bankruptcy proceedings.
Contact our law offices to schedule an appointment with a lawyer to discuss banking law or any related legal issue.
