Distressed Real Estate Asset Group

In response to the recently enacted Federal Emergency Economic Stabilization Act (EESA), and other federal measures adopted to address the current economic climate, Maddin Hauser has organized its Distressed Real Estate Asset Group to represent and advise local and national lending institutions, private equity firms, businesses, developers and investors in a variety of areas, including the EESA’s scope, application, and currently unfolding regulatory scheme. Among other things, the Distressed Real Estate Asset Group will:

Provide legal counsel, including litigation management, for loan servicers;
Advise clients regarding regulations and laws governing lenders and servicers;
Offer due diligence support with respect to mortgages and mortgage-related assets;
Counsel clients regarding the purchase or sale of Troubled Assets under the EESA; and
advise clients seeking to provide services to the newly formed federal Office of Financial Stability, its agents, or contractors.

Maddin Hauser’s Distressed Real Estate Asset Group is led by Shareholders Martin Frenkel, John Jacobs, and Brian Nettleingham, who are also, respectively, members of the Firm’s Real Estate Litigation, Mortgage Lending, and Banking Groups. These groups have extensive experience representing local and national lending institutions, private lenders, businesses, developers and investors in a variety of areas, including acquisitions, commercial lending, bank litigation, leveraged leasing, and loan workouts. Maddin Hauser currently represents the Mortgage Bankers Association of America and the Michigan Mortgage Lender’s Association, and the Firm has played a central role in negotiating and drafting of Michigan laws governing the licensing and regulation of mortgage companies and loan officers.

For more than 35 years, Maddin Hauser has advised clients on real estate and banking matters, including transactions, regulatory matters, litigation, and environmental law. The Firm also advises its clients on compliance with federal and state law, licensing, employment arrangements, joint ventures, affiliated business arrangements, agreements with investors and warehouse lines of credit.

Whether representing lenders or borrowers in litigation, straightforward acquisitions, development or construction loans, or even conduit financing for a project, Maddin Hauser prides itself in providing clients with timely and practical results.

For more information regarding the EESA, please see the following:

A brief overview of some of the most discussed EESA provisions
A discussion of EESA as it relates to FDIC coverage for account holders, as recently presented at Maddin Hauser’s 2008 Annual Tax Symposium
A presentation regarding methods for the cost effective retention and management of outside legal counsel by financial institutions and others with particular application to EESA and its requirements for the efficient expenditure of taxpayer dollars by financial institutions charged with implementing the act

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