Recognizing valuable opportunities when they present themselves and understanding how to maximize the value of an opportunity are key elements to success. In today's economic market, there are numerous opportunities for individuals, investors and businesses to acquire assets via the purchase of distressed loans.

When the owner of a business, hotel or other property is failing to meet his or her financial obligations and the bank is not itself interested in foreclosing on the business or property, you may be able to purchase the loan as a means of acquiring the asset or property itself at greatly reduced cost. At Hoegen & Associates, P.C., in Wilkes-Barre, Pennsylvania, we assist clients throughout Pennsylvania with this endeavor.

If the bank is not interested in foreclosing, we can help you secure a sale of the loan, which would then allow you to negotiate with the current owners regarding the debt. We can help you secure a deed in lieu of foreclosure and a release from debt for the current owners. This allows you to assume ownership of the property at total costs that can offer dramatic savings and have sufficient remaining capital to complete the turnaround.

Experienced Counsel on Distressed Loans

At Hoegen & Associates, P.C., our attorneys have a deep understanding of how to create financially advantageous situations for our clients. We have been helping our clients build success since 1971. We know that our clients need counsel that is capable of helping them make the most of every opportunity that presents itself. We will help you negotiate a sale of the loan from the bank, and we will help you in dealing with the defaulting property owner.

Our experience in successfully managing the buying of defaulted loans and the subsequent negotiations allows you to move forward with confidence.

Contact the Wilkes-Barre Distressed Loan Lawyers of Hoegen & Associates, P.C.

When attempting to buy defaulted loans as a means of property acquisition, it is important that you have experienced guidance that understands what your goals are and that has the capacity to help you achieve those goals. Turn to the skilled and experienced attorneys of Hoegen & Associates, P.C. To schedule a free initial consultation, call 570-704-5754, toll free at 888-352-4229 or simply contact us online.