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Practices & Industries

Successful Prosecution of Action to Foreclose on a Mortgage Given as Security

A Hodgson Russ team led by Joseph P. Goldberg successfully prosecuted an action to foreclose on a mortgage given as security for the return of a $1.5 million down payment in the event a certain real estate transaction did not close. After taking over the case from another firm that in five years of litigation was unsuccessful in resolving the case, we obtained settlement in an amount that exceeded the measure of damages demanded in the complaint.