More on the topic of the borrower perspective (and tips) on workouts, and in recognition that every lender and servicer needs to understand this perspective as it crafts a strategy and then executes it (first posting; second posting). No doubt, in every distressed debt situation, it is very, very important to understand and assess all… Continue Reading
Tag Archives: oral communcation
The Ox and the Ditch: FAQ – What Can I say to Borrower?
Posted in FAQs, Tough Times for Lenders, TrainingThis is a special series of blog entries in which we provide some quick answers to lenders’ 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 interview with appropriate… Continue Reading