Creditor Collections Today

Search:

DAY

WEEK

MONTH

YEAR

Select your country:
Sign up | Log in

enforcement actions service-1st-mortgage-inc

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

Jimerson Firm

OCTOBER 22, 2020

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.

Foreclosure

Foreclosure Lender Judgment Collateral

Establishing Standing in a Foreclosure Proceeding

Jimerson Firm

MAY 17, 2021

In order to maintain a foreclosure action against a borrower, lenders must ensure they can establish “standing”. 1st DCA 2016). Aurora Loan Services, LLC, 163 So. A servicer acting as a collection agent for the holder of a promissory note will have standing to bring an action by establishing evidence of a valid assignment.

Foreclosure

Foreclosure Lender Judgment Banks

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

Establishing Standing in a Foreclosure Proceeding

Stay Connected