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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. What Are Environmental Risks?

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

Jimerson Firm

Include evidence demonstrating the acquisition, ownership and possession of the note, such as copies of the note, allonges and/or audit reports. Barnett Bank of Alachua Cty., 702.015(5) , Fla. More importantly, it allows courts to sequester the rents into the court registry pending the outcome of the foreclosure action.

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Certification of Original Promissory Note is Required To Bring a Mortgage Foreclosure Action

Jimerson Firm

Bank of Am., PNC Bank, Nat. 2016) (holding the bank established standing to bring foreclosure action, where bank attached a copy of note, with a blank indorsement to complaint, and the original note matching the copy was later filed with the court). Wells Fargo Bank, N.A. , Wells Fargo Bank, N.A. ,

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Finding Business Opportunities From COVID-19

Fico Collections

The same argument can be extended to other industries like the one I mainly focus on, banking, wherein knowing a customer’s non-banking transactions can reveal information about customer segment, interests, and overall risk. However, these partnerships need to be expanded beyond just data and customer acquisition.

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Top 5 Customer Development Posts of 2020: COVID and Beyond   

Fico Collections

FICO’s suite of interconnected Acquisition, Origination, and Growth capabilities for Telecommunications helps organizations do exactly that. If you’re interested in making smarter, faster acquisition and retention decisions, we’d love to talk with you. . #2. Finding Business Opportunities From Covid-19.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On June 8, the Federal Trade Commission (FTC) announced that it had conducted a new analysis, which shows that bogus bank fraud warnings were the most common form of text message scam reported to the agency, and that many of the most common text scams impersonate well-known businesses. For more information, click here.

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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 report said that low acquisition costs often come coupled with higher interest rates and limited opportunities to refinance.