Client Articles - Written by on Thursday, July 15, 2010 18:18

Gerson Law Firm APC Answers Lender Calls on Commercial Real Estate Defaults; Velocity, Volume of Problem Loans is Unprecedented

SAN DIEGO — July 7, 2010 — The calls for loan workouts, receiverships, foreclosures and collections are coming to GERSON LAW FIRM APC at an increasing rate, according to Gordon Gerson, managing principal of GLF, a six-lawyer law firm based in San Diego.

“Some days our main switch board becomes a call center for commercial lenders with problem loans,” said Gerson. “There is velocity and volume in our problem loan practice that is unprecedented.”

GERSON LAW FIRM APC on a weekly basis for several months has been engaged on newly assigned receivership cases throughout California. Gerson said that San Diego, San Bernardino, Santa Ana, Long Beach, Visalia, Sacramento, and Marysville, are among cities with pins on GLF’s map of receivership cases in California.

“GERSON LAW FIRM APC is also engaged co-counseling several out of state receivership cases including actions currently pending in Pennsylvania, Oregon, Texas and Arizona,” said Gerson, who is president of the San Diego Receivers Form. “We are also actively working with receivers in its cases who are engaged in efforts to sell mortgaged properties.”

He said GERSON LAW FIRM APC’s attorneys are engaged in matters related to defaulted loans are also representing lenders whose borrowers are filing bankruptcy. “The Firm has filed in motions of relief of stay to foreclose in the bankruptcy courts in both southern and northern California. GERSON LAW FIRM APC’s team of professionals is also actively engaged in loan workouts and loan modifications, as well as foreclosures.”

About GERSON LAW FIRM APC
GERSON LAW FIRM APC represents clients in all matters related to real estate and business, both transactional and litigation. GLF is nationally recognized for its representation of some of the nation’s largest lenders on loan closings, special servicing, and enforcement proceedings throughout the United States. GLF’s practice includes representing lenders closing loans under Fannie Mae’s DUS Lending Program and Freddie Mac’s Program Plus for multifamily investments. GLF represents major national banks, life insurance companies, and private funds in all matters lending related, including originations and loss mitigation strategies, for hotels, office buildings, shopping centers, multifamily and construction. For more information on GERSON LAW FIRM APC, call (858) 452-5400 or visit www.gersonlaw.com.

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