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Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges: Part 5 – Commercial Foreclosures 101

Jimerson Firm

Sometimes, foreclosure of a commercial property is the only option available to lenders and servicers to limit losses as a result of defaults on hotel and restaurant mortgages. Parts 1-4 of this series discussed pre-foreclosure options available to lenders dealing with hotel/restaurant mortgage defaults. 702.015(4) , Fla.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The sum total in December of all net foreign acquisitions of long-term securities, short-term U.S. For more information, click here.

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184 Burr & Forman Attorneys Named Among the 2022 Best Lawyers in America

Burr Forman

Erich Durlacher – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law. Ed Christian – Corporate Law, Mergers and Acquisitions Law. David Dowd – Corporate Law, Leveraged Buyouts and Private Equity Law, Mergers and Acquisitions Law. India Vincent – Birmingham, Trademark Law. 2022 Best Lawyers in America.

Lawyers 105
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Successors by Merger May Not be Debt Collectors

Consumer Financial Services Law

the consumer brought an FDCPA claim against BoA based upon its actions in a foreclosure suit and an underlying mortgage which originated with Countrywide. The acquisition by merger was a key factor for the court which also relied upon prior Fifth Circuit precedent, Brown v. In Jackson v. Bank of America, N.A., Morris , 243 Fed.

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Post-Default Environmental Risk Management for SBA Lenders

Jimerson Firm

Environmental Investigations are required, for example, before a lender or CDC can acquire the title to commercial real property collateral by purchasing it at a foreclosure sale or accepting a deed-in-lieu of foreclosure, or taking over the operation of a borrower’s business that uses a hazardous substance. SOP 50 57 2 ; SOP 50 55.

Lender 76