Michigan Foreclosure Law Attorneys
O'Reilly Rancilio represents banks and mortgage lenders in all aspects of foreclosure, including eviction and possession, mechanic's liens, and alternative measures such as workouts and short sales.
Our law firm has a strong practice in banking law and creditors' rights. We represent community banks and financial institutions in the Detroit area and statewide, as well as nationwide mortgage companies requiring local counsel in foreclosure proceedings in Michigan.
Experienced Representation in Mortgage Default
The lawyers of O'Reilly Rancilio can advise clients on what these new homeowner protections mean for lenders trying to foreclose on defaulted borrowers.
We provide comprehensive counsel and representation in both foreclosure by advertisement and foreclosure by judicial process. We assist lenders in complying with the new laws in terms of mandates to restructure loans, issuing Notice of Default to mortgagees and proceeding with foreclosure. We have extensive experience in negotiating mortgage workouts. We can also protect client interests in short sales or deed in lieu of foreclosure for lenders willing to absorb the loss.
When necessary, we can handle recovery of real property including eviction and sales. Our representation includes litigation of priority claims for construction liens against the foreclosed property, which in turn may require action against the title insurer to honor its obligation.
O'Reilly Rancilio can mitigate lenders' exposure and expedite foreclosure and recovery.