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Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges: Part 4 – Assignment of Rents Under Section 697.07, Florida Statutes

Jimerson Firm

Additionally, during a foreclosure action, the lender/mortgagee can request the borrower/mortgagor to deposit the collected rents into the registry of the court or in such other depository as designated by the court. §697.07(4). Losing the Right to Collect Rents: Junior Foreclosure Sales.

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A Proper Final Judgment of Foreclosure: Form 1.996(a)

Jimerson Firm

The post A Proper Final Judgment of Foreclosure: Form 1.996(a) appeared first on Jimerson Birr Law Firm. Certification of Original Promissory Note is Required to Bring a Mortgage Foreclosure Action. Bringing a Residential Foreclosure Action? You Need a Verified Complaint.

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Overview of Florida’s New Uniform Commercial Real Estate Receivership Act

Jimerson Firm

sell, lease, license, exchange, collect, or otherwise dispose of receivership property.” § 714.02(14), The post Overview of Florida’s New Uniform Commercial Real Estate Receivership Act appeared first on Jimerson Birr Law Firm. Whether a holder of a subordinate lien obtains appointment of a receiver for the property.

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Florida’s Fast-Track Residential Foreclosure Process

Jimerson Firm

The post Florida’s Fast-Track Residential Foreclosure Process appeared first on Jimerson Birr Law Firm. Continued reading: Certification of Original Promissory Note is Required to Bring a Mortgage Foreclosure Action. Bringing a Residential Foreclosure Action? You Need a Verified Complaint.

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Canceling and Rescheduling a Mortgage Foreclosure Sale Now Requires a Motion

Jimerson Firm

The post Canceling and Rescheduling a Mortgage Foreclosure Sale Now Requires a Motion appeared first on Jimerson Birr Law Firm. Bringing a Residential Foreclosure Action? You Need a Verified Complaint.

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How to Maximize Recovery on a SBA Loan by Negotiating a Workout Agreement

Jimerson Firm

The post How to Maximize Recovery on a SBA Loan by Negotiating a Workout Agreement appeared first on Jimerson Birr Law Firm. During workout agreement negotiations, there are many workout options that the lender/CDC and borrower can consider. SBA Loans: How to Maximize Recovery by Liquidating Personal Property.

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SBA Loans: How to Maximize Recovery by Liquidating Real Property

Jimerson Firm

Lenders must give careful consideration on choosing this method because it may (unless otherwise negotiated in the written agreement) lose the right to collect any deficiency, and the property will remain subject to any existing liens. However, lenders should only use this option if it maximizes recovery on the SBA loan.

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