Is Your Property in Trouble?

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"I was with KEL for over five years and the experience was second to none. They did everything they said they would. I highly recommend that you use KEL for your foreclosure defense needs"

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Commercial Foreclosure

If your business is not able to produce enough income to pay the mortgage or a commercial investment property isn’t making money as it has in the past, you are not alone. In these challenging economic times, many owners of commercial properties are having a hard time making timely payments. If you’re going through a rough time with your property, you may be faced with commercial foreclosure.

Commercial Foreclosure Process

The commercial foreclosure process works very much like the residential foreclosure process except the process can move more quickly which requires that you move quickly as well. When you miss commercial mortgage payments, the lender will contact you about your late payment(s). If the lender concludes that the commercial loan is in jeopardy of failing, the lender will promptly involve their lawyers and set the legal process in motion. When faced with foreclosure, the most important thing to do is take immediate action. You should promptly contact your lender and talk with them about your situation, as ignoring your lender will only create more concern for the lender. Typically, the lender does not want to foreclose on your commercial property as liquidating these types of properties is far more complex than selling a residential property. The commercial lender is often open to restructuring the loan via a workout plan. It is important to contact your lender as soon as you see that you may begin missing payments and engage a Englett and Associates foreclosure attorney to begin the negotiations for loan modification and mange any legal proceedings that may arise.

Our Locations

Orlando

150 North Orange Avenue

Suite 303B

Orlando, Florida 32801

(407) 455-7359

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Tampa

100 South Ashley Street,

Suite 600

Tampa, Florida 33602

(813) 496-7375

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Fort Lauderdale

888 South Andrews Avenue

Suite 302

Fort Lauderdale, Florida 33316

(954) 334-7776

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Fort Myers

5237 Summerlin Commons Blvd

Suite 305

Fort Myers, Florida 33907

(239) 275-2279

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West Palm Beach

324 Datura Street

Suite 150

West Palm Beach, Florida 33401

(561) 847-7721

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St. Petersburg

970 Lake Carillon

Suite 356

St. Petersburg, Florida 33716

* By Appointment Only*

(727) 497-6076

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Lakeland

Lakeland 1102 S. Florida Ave

Suite 121

Lakeland, Florida 33803

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(863) 327-1724

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Melbourne

6767 North Wickham Road

Suite 400

Melbourne, Florida 32940

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(321) 460-1646

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DeLand

120 South Woodland Boulevard

Suite 203

DeLand, Florida 32720

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(386) 626-0011

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Naples

1415 Panther Lane

Suite 374

Naples, Florida 34109

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(239) 201-2527

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Miami

3350 SW 148th Ave.

Suite 110

Miramar, Florida 33027

(305) 967-6361

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Jacksonville

50 North Laura St

Suite 2566

Jacksonville, Florida 32202

(904) 224-1522

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