Legal Question in Real Estate Law in New York

Business defaults on note in ny

My business got financing on a residential property in ny that i was a guarantor on. The note is due in full very shortly. The bank wants to default.What are my rights


Asked on 1/23/09, 11:41 am

1 Answer from Attorneys

Steven Czik CZIK LAW PLLC

Re: Business defaults on note in ny

With the climate of the economy as it is these days, retaining an experienced attorney to negotitate a loan modification that could likely include forbearance would probably be your best bet. We have substantial experience handling these types of matters, however, we would need some more information before making a complete and proper determination. You are welcome to contact us for a free consultation.

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Answered on 1/30/09, 11:28 am


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