Trembly Law Firm Obtains Commercial Foreclosure Verdict and Attorney’s Fees and Costs for Private Lender Whose Borrower Default and Refused to Pay or Vacate the Premises

Trembly Law Firm Obtains Commercial Foreclosure Verdict and Attorney’s Fees and Costs for Private Lender Whose Borrower Default and Refused to Pay or Vacate the Premises

Trembly Law Firm was hired to foreclose on a private mortgage on a commercial property due to the borrower failing to make the balloon payment when the mortgage became due. The mortgage originated in 2002 and several future advances were taken out on the mortgage. The borrower then secured a second mortgage from the Firm’s client and took a future advance on the second mortgage. The two mortgages were then consolidated and the maturity date was extended. However, the borrower failed to make the balloon payment when it became due.

The action was highly contested as the borrower claimed that it never borrowed nor received certain money identified in the consolidated mortgage, in direct contradiction to documentation.

The Chair of the Litigation Department, Veronica Rabinowitz, took the case to trial and successfully established that all monies were received by the borrower and that the borrower was in default. Mrs. Rabinowitz obtained a final judgment of foreclosure in the client’s favor, along with an award of the client’s attorney’s fees and costs.

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(About the Firm) — Trembly Law Firm

PROTECTING THE ECONOMY, ONE BUSINESS AT A TIME.

At the Trembly Law Firm, we believe that business owners, entrepreneurs and job creators are the backbone of our economy. In addition to our “every client matters” philosophy, one of the strengths of the Trembly Law Firm is our proven track record working with businesses and individuals from all over Miami. Our Firm attorneys have built an impressive portfolio of hundreds of business and franchise clients, whom we represent both in and out of court.

For more information, visit our website at www.tremblylaw.com.