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

Burr Forman

Keith Andress – Commercial Litigation, Construction Law, Corporate Law, Insurance Law, Litigation-Banking and Finance, Construction, Mortgage Banking Foreclosure Law, Personal Injury Litigation-Defendants, Product Liability Litigation-Defendants, Professional Malpractice Law-Defendants. Birmingham. Benjamin Coulter – Commercial Litigation.

Lawyers 105
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Certification of Original Promissory Note is Required To Bring a Mortgage Foreclosure Action

Jimerson Firm

In 2013, the Legislature enacted Section 702.015 , Florida Statutes, which sets forth new pleading requirements for residential foreclosure actions. At that time, the Legislature requested the Florida Supreme Court to amend the Florida Rules of Civil Procedure to provide expedited foreclosure proceedings in conformity with Section 702.015.

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National Financial Awareness Day: Why Financial Literacy is Beneficial For Everyone

True Accord

In order to address this gap, lenders are in a unique position to help provide customers with educational content that not only improves customers’ financial literacy but helps with their own retention and acquisition strategies by building and maintaining customer trust and loyalty.

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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.

Lender 76
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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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Financial Inclusion Using Analytics

Fico Collections

The lending and financial services industry can provide that social good, as long as it's done in a way that is both responsible and fair. Credit when it's offered responsibly is a social good. For many, it creates an opportunity to improve their life circumstances; to get an education, to buy a car to get to work, or to own a home.

Lender 52