The Arago Law Firm, PLLC is a law firm that has, since its founding, placed legal competence, professionalism, and compassion at the highest of its priorities.
The firm is headed by Attorney Maureen Arago, who received her Juris Doctorate with Honors from the University of Florida College of Law in 1989.
Upon leaving the law firm Carlton, Fields, Ward and Cutler, in 1991, at which Ms. Arago worked in the Real Estate Department, she established her own firm, then the Arago Law Office. The firm focused at that time primarily on real estate closings and litigation brought about by the failing savings and loans. Ms. Arago participated in matters involving Commonwealth, Ambassador, Coral, Centrust, San Jacinto, McNulty and Gibraltar Savings, as well as the officer and director suit against Michael Milken, et. al.
The firm quickly became an approved firm for both the Federal Deposit Insurance Corporation FDIC and the Resolution Trust Corporation “RTC”.
The firm also co-counseled with several larger law firms to enable the firm to continue to be involved with complex cases requiring additional personnel.
As institution-related litigation was completed and assets were sold to other financial institutions, the firm emphasis switched to commercial litigation such as foreclosures and receiverships, and then after the new institution acquired the asset, the emphasis switched to closing the sale of the foreclosed assets.
One example is The Oaks Apartments in Orlando, a property that the firm foreclosed for Crescent Bank, and then handled the sale to a new buyer. Other assets were sold directly by the RTC in sealed bids, which the firm handled for the RTC. One example is the Research Pavilion near University of Central Florida, which was purchased by the UCF Foundation.
This decade has brought a new wave of challenges for financial institutions and their borrowers. Unlike the problems of the last decade, these
new difficulties are predominantly affecting the residential property owner and borrower. Therefore, much of the firm’s current practice is devoted to assisting residential property owners impacted by the deflated housing market and loans they cannot seem to manage, and bankruptcy filings for both companies and individuals.