BANKING/REAL ESTATE
FAVATA & WALLACE, LLP has extensive experience in representing buyers,
sellers and institutional lenders in both residential and commercial real
estate transactions.
In the residential real estate area, the firm has represented
institutional lenders in condominium, cooperative, and one to four family
loan transactions closing over two thousand (2,000) transactions in the
past two years. Because of our expertise and quality control, we are one
of the few firms in Nassau County authorized to close "CEMA's" and
cooperative loans for
J.P. Morgan Chase Bank, Wells Fargo Bank, Countrywide Home Loans and HSBC
Mortgage Corp.. We are very familiar with the strict time constraints
placed on lenders and the requirements of the secondary market. It has
been our practice to provide 24 hour turnaround time to institutional
lenders on residential real estate transactions.
Our fully automated residential lending practice includes a Local Area
Network with a proprietary software package that includes all Fannie
Mae/Freddie Mac and FHA documents (all Notes, Mortgages, Riders, etc.)
The system's capabilities has permitted us to customize the program to
include both "lender-specific" documents as well as firm drafted forms.
Our primary goal is always the protection of the lender's interest and
saleability of their loans, while at the same time ensuring high quality
service to their customers and referral sources.
The firm has a wide variety of experience in the commercial real estate
lending area, having represented both institutional lenders as well as
developers in financing transactions. This experience includes
representing lenders in Industrial Development Bond financings, revolving
credit lines, the acquisition and refinancing of multi-family buildings,
commercial properties, shopping centers, as well as leasehold
transactions. Additionally, we have represented developers in the
acquisition and refinancing of commercial properties.
FAVATA & WALLACE, LLP also provides legal services in the general
corporate area, acting as general counsel to a number of closely held
corporations and the sales and purchases of small businesses. The firm is
also active in such matters as Estate Planning and Administration, the
formation of closely held corporations, negotiation and drafting of stock
option agreements, commercial leases and shareholder agreements, as well
as a variety of other general corporate work.
LITIGATION
FAVATA & WALLACE, LLP has a highly regarded litigation practice, with a
variety of litigated matters pending, including tort claims, contract
claims and commercial matters. The firm has extensive experience
representing both plaintiffs and defendants in all areas of litigation
including real estate title issues, motor vehicle accidents, products
liability, labor law, construction litigation and personal injury
actions.
In addition, our attorneys have represented parties in declaratory
judgment actions determining insurance coverage questions, breach of
contract actions and fraud claims.
Our attorneys have experience in all phases of litigation matters from
filing of initial pleadings to conducting depositions and trial and
appellate practice. Our attorneys have practiced in the New York State
Supreme Court, United States District Court, Bankruptcy Court, Surrogate's
Court, as well as State District and County Courts.