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Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges – Part 3: Commercial Mortgage Default Options Including Acceleration and Enforcement of Personal Guaranties

Jimerson Firm

JULY 30, 2020

Part 2 of this series analyzed pre-foreclosure loss mitigation options for lenders dealing with hotel/restaurant mortgage defaults. Goldome Realty Credit Corp., and a foreclosure sale netted the lender $3,675,000 leaving a deficiency of $918,398.49. Part 2: Pre-Foreclosure Loss Mitigation Options. 2d 1135, 1136 (Fla.

Lender

Lender Loans Foreclosure Judgment

Avoiding Overshadowing Claims

FDCPA Defense

NOVEMBER 11, 2014

Midland Credit Management, Inc., Systems, Inc. , _ F.Supp.3d_, 3d_, 2014 WL 5147549 at *5 (E.D.N.Y 14, 2014) (directing consumer to dispute debt “in writing” if identity theft is suspected may overshadow right to verbally dispute debt); Oberther v. 3d_, 2014 WL 4548871, at *6 (D. at 511; see also Lansing v. 2013 WL 5587956, at *4 (D.

Debt collector

Debt collector Debtor Creditors Original Creditor

Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges – Part 3: Commercial Mortgage Default Options Including Acceleration and Enforcement of Personal Guaranties

Avoiding Overshadowing Claims

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