Collections Law

APRIL 18, 2023

A mechanic’s lien gives builders, contractors and some others in the construction industry a collection mechanism that other industries don’t have. Ultimately, the lien could allow you to sell the property to collect the debt. These companies are typically not law firms. At the Law Offices of Alan M.

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Mechanic’s Liens Commercial Collection Construction Law Firms 52

FFGN COLLECT NY

DECEMBER 30, 2020

Should there be another court shutdown in 2021, you may be wondering how to maximize debt collection in 2021? New York on PAUSE in March 2020, closed New York courts for almost all debt collection efforts. Many, not all, court clerks have returned, offering the opportunity to process debt collection claims. Understand the Laws.

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Jimerson Firm

SEPTEMBER 22, 2020

Additionally, during a foreclosure action, the lender/mortgagee can request the borrower/mortgagor to deposit the collected rents into the registry of the court or in such other depository as designated by the court. §697.07(4). Losing the Right to Collect Rents: Junior Foreclosure Sales.

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Foreclosure Lender Law Firms Collections 98

Jimerson Firm

DECEMBER 8, 2020

The post A Proper Final Judgment of Foreclosure: Form 1.996(a) appeared first on Jimerson Birr Law Firm. Certification of Original Promissory Note is Required to Bring a Mortgage Foreclosure Action. Bringing a Residential Foreclosure Action? You Need a Verified Complaint.

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Foreclosure Judgment Law Firms Creditor's Rights 98

Jimerson Firm

AUGUST 7, 2020

sell, lease, license, exchange, collect, or otherwise dispose of receivership property.” § 714.02(14), The post Overview of Florida’s New Uniform Commercial Real Estate Receivership Act appeared first on Jimerson Birr Law Firm. Whether a holder of a subordinate lien obtains appointment of a receiver for the property.

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Foreclosure Lender Judgment Creditors 98

Jimerson Firm

AUGUST 24, 2020

The post Florida’s Fast-Track Residential Foreclosure Process appeared first on Jimerson Birr Law Firm. Continued reading: Certification of Original Promissory Note is Required to Bring a Mortgage Foreclosure Action. Bringing a Residential Foreclosure Action? You Need a Verified Complaint.

Foreclosure 96

Foreclosure Judgment Law Firms Creditor's Rights 96

Jimerson Firm

OCTOBER 9, 2020

The post Canceling and Rescheduling a Mortgage Foreclosure Sale Now Requires a Motion appeared first on Jimerson Birr Law Firm. Bringing a Residential Foreclosure Action? You Need a Verified Complaint.

Foreclosure 98

Foreclosure Judgment Law Firms Bankruptcy 98

Jimerson Firm

DECEMBER 30, 2020

The post How to Maximize Recovery on a SBA Loan by Negotiating a Workout Agreement appeared first on Jimerson Birr Law Firm. During workout agreement negotiations, there are many workout options that the lender/CDC and borrower can consider. SBA Loans: How to Maximize Recovery by Liquidating Personal Property.

Loans 98

Loans Collateral Lender Foreclosure 98

Jimerson Firm

JULY 30, 2020

Additionally, Florida law provides that there can be multiple judgments for the same debt but the same debt can only be collected once. However, the indebtedness can be collected only once, and any payment on any of the judgments must be credited to the others.”). This prevents a double recovery. Bryan, 384 So. 2d 1323, 1324 n.3

Lender 98

Lender Foreclosure Loans Banks 98

Jimerson Firm

NOVEMBER 13, 2020

Lenders must give careful consideration on choosing this method because it may (unless otherwise negotiated in the written agreement) lose the right to collect any deficiency, and the property will remain subject to any existing liens. However, lenders should only use this option if it maximizes recovery on the SBA loan.

Loans 98

Loans Collateral Foreclosure Lender 98

Jimerson Firm

NOVEMBER 23, 2020

Collection of Accounts Receivable. Lenders should consult with legal counsel regarding best practices for collection of accounts receivable. SBA Loans: How to Maximize Recovery by Liquidating Real Property. The post SBA Loans: How to Maximize Recovery by Liquidating Personal Property appeared first on Jimerson Birr Law Firm.

Collateral 98

Collateral Loans Secured Creditor Lender 98

Jimerson Firm

DECEMBER 15, 2020

The post Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges: Part 6 – Considerations for the Appointment of a Receiver During Commercial Foreclosures appeared first on Jimerson Birr Law Firm.

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Foreclosure Lender Banks Collateral 98

Jimerson Firm

JULY 15, 2020

Additionally, the Fifth District Court of Appeal acknowledged that Option 3 “seems at odds with the law in other jurisdictions, as well as [Option 2], which clearly requires a landlord to mitigate damages.” The post Does a Commercial Landlord Have a Duty to Mitigate Damages After a Tenant Breaches the Lease Agreement? See Horizon Med.

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Judgment Law Firms Creditor's Rights Loans 86

Jimerson Firm

JANUARY 14, 2021

The post Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges – Part 7: Expediting the Commercial Foreclosure Process Under Section 702.10, Florida Statutes appeared first on Jimerson Birr Law Firm.

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Foreclosure Lender Judgment Law Firms 90

Jimerson Firm

OCTOBER 22, 2020

The post Mitigating Risks Associated with Hotel, Restaurant and Entertainment Industry Economic Challenges: Part 5 – Commercial Foreclosures 101 appeared first on Jimerson Birr Law Firm.

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Foreclosure Lender Judgment Collateral 94

Jimerson Firm

NOVEMBER 16, 2020

appeared first on Jimerson Birr Law Firm. If you’re a secured creditor and you need to repossess collateral, consulting with the experienced attorneys at Jimerson Birr can help you repossess the collateral without incurring liability. The post How Can a Secured Creditor Repossess Collateral Without Breaching the Peace?

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Secured Creditor Collateral Repossession Creditors 69

Jimerson Firm

MAY 26, 2021

d) any parent entity, subsidiary, or other person who directly, or indirectly through one or more intermediaries, controls or is controlled b, or is under common control with, any entity listed in paragraph (a), paragraph (b), or paragraph (c).

Foreclosure 52

Foreclosure Lender Collateral Judgment 52

Jimerson Firm

SEPTEMBER 28, 2020

The post Serving a Defendant in a Residential Foreclosure Action by Publication appeared first on Jimerson Birr Law Firm. Authors: Austin B. Calhoun, Esquire. Melissa Murrin, JD Candidate 2021.

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