(More from our "Watch for Change" series . . . .) As you know, the "new" economy is prompting a wide range of new laws and ordinances, all of which present opportunities for the unwary to trip up and mess up in the collection process. This posting will interest you if any of your collateral involves… Continue Reading
Tag Archives: Residential Tenants
Foreclosure and the Residential Tenant: Some Helpful Tips
Posted in Remedies, Tough Times for LendersAs noted in our recent posting on this subject (The Very Dark Side), the Concurring Opinions Blog addressed a volatile topic: evicting residential tenants after a real property foreclosure of a single-family residence. In this posting, we suggest this topic has more relevance to commercial lenders and servicers than you might initially think; and we… Continue Reading
The Very Dark Side: Evicting tenants from foreclosed apartments
Posted in Tough Times for Lenders, Workout IssuesEvicting "unwanted" residential tenants is a tough, tough subject. This piece by Mark Edwards at Concurring Opinions is worth reading. There is a "human element" in these tough times, which Mark terms as the tension between legality and social responsibility. It is a topic that is much discussed in workouts involving apartments. Indeed, it is the point… Continue Reading