Commercial Special Assets
The firm has extensive experience in banking and special assets litigation. Mark litigated well over 100 commercial special assets cases during the recession, and he developed very efficient and effective practices in the management of a defaulted commercial loan file and subsequent execution against collateral assets. He utilizes unique and aggressive motion practice and collections strategies, including private investigation, fraudulent transfer claims, and freezing of assets owned by the target-debtor as well as friends, family and business partners. to move these cases toward resolution and recovery as expeditiously as possible, whether it be in the form of an actual judgment collection action (see below); a forbearance agreement or other resolution; loan modification; receivership; liquidation by auction, or other dispossession action.
The firm has extensive experience in foreclosure by advertisement and judicial action and is expert in clearing complicated title defects. On November 19, 2015, the Michigan Court of Appeals affirmed a nearly $1 million judgment that Mark obtained at trial on behalf of a financial institution after 5 years of litigation. Sterling Bank v. SC Southfield. Also that year, the Court of Appeals affirmed a summary disposition dismissal that Mark achieved for his client in a lender liability case. Younce v. JP Morgan Chase Bank.