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if the collateral is likely to be acquired by SBA or the lender at the foreclosure sale, the expenses associated with the care, preservation and resale of the acquired collateral. Barnett Bank of Pensacola , 397 So. Securedcreditors are not required to provide notice to unknown creditors. See SOP 50 57.
If the mobile home has been retired and is part of the real property, it will be included in the foreclosure. On the other hand, if the mobile home is not retired and the lender has a perfected lien on the mobile home, the lender must use replevin in addition to the foreclosure. Is the Mobile Home Retired? 319.261 (7).
It is important for creditors and their advisors to carefully review “first day” motions in order to know how their rights may be affected, and take action as appropriate. A creditor may need to file an objection to requested first-day relief to protect its rights. Walton, Jr.’s
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. SOP 50 57 2 ; SOP 50 55.
Wells Fargo Bank , N.A., Approximately three years later, the law firm recorded a notice of lien in the county’s official records for unpaid dues, assessments and costs payable to the HOA, and a “Notice of Default and Election to Sell” was recorded to initiate nonjudicial foreclosure proceedings. 3d 502 (9th Cir.
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