Guest Writer: Brenda Brown, Winstead PC More from ourTough Times FAQs series: FAQ #4 – Do I need to reduce the commitment amount after sending a Notice of Default? Typically, no – once the loan is declared to be in default, or once the maturity of the loan is accelerated, the lender has no on-going funding… Continue Reading
Tag Archives: Event of Default
The Ox and the Ditch: FAQ – First Steps in a Loan Default? Types of Default? Alternatives to Calling a Default?
Posted in 1 Guest Writers, FAQs, Remedies, Tough Times for Lenders, Workout IssuesGuest Writer: Brenda Brown, Winstead PC This is a special series of blog entries in which we provide some quick answers tolenders’ frequently asked questions (FAQ). Two things should be kept in mind. First, none of these questions can be answered in a vacuum. Questions should be considered with a thorough review of the file and an… Continue Reading