Collateral Commercial Collection Judgment 
Jimerson Firm
MAY 24, 2021
How Do Property Taxes Result in Loss of Collateral? If the borrower is delinquent in paying its property taxes, a tax certificate may be sold for the past-due taxes, which could lead to a tax deed sale of the collateral. How to Get a Deficiency Judgment After a Foreclosure Sale.
Jimerson Firm
MAY 26, 2021
Lenders need to be aware that borrowers and other lienholders can bring an action or proceeding to set aside, invalidate, or challenge the validity of a final judgment of foreclosure of a mortgage, even after the foreclosure sale. Therefore, if a final judgment of foreclosure of a mortgage is void, the trial court must vacate the judgment.
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Jimerson Firm
NOVEMBER 13, 2020
When a small business association (“SBA”) loan is converted to liquidation status, the lender must begin liquidating the collateral. If the collateral is real property, the lender must liquidate all parcels of real property that has a Recoverable Value over $10,000. See SOP 50 57.
Jimerson Firm
FEBRUARY 3, 2021
If the lender receives a foreclosure judgment from the court, the real property, including the mobile home, will be sold at public auction. 1) The Mobile Home Existed at the Time of the Mortgage and Is Identified as Collateral in the Mortgage Documents.
Jimerson Firm
OCTOBER 22, 2020
Then, if necessary, the parties will conduct discovery and the plaintiff will seek to end the lawsuit by filing a motion for summary judgment or setting the case for trial in the event there are factual issues in dispute. A complaint is filed, then the borrower has the ability to respond to the complaint and assert defenses. Interim Relief.
Collections Law
JULY 1, 2020
Instead, they will help you collect on the debt by filing a lawsuit against the debtor, seeking and obtaining attachments on the debtor’s assets, and even garnishing their wages post-judgment so that you can get paid for your judgment debt. Cohen LLC focuses on debt collection in Massachusetts. The Law Offices of Alan M.
Jimerson Firm
MARCH 12, 2021
The court found that the lender properly filed a foreclosure action on both mortgages in just Pinellas County because both mortgages jointly constituted the collateral for a single loan. The recipient clerks will record the decrees in the foreign judgment book. Flagship Cmty Bank , 96 So. 3d 452 (Fla. Conclusion.
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