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Lenders 360

Tag Archives: Trump Tower

Watch For Change at the Court House: Impossibility of Performance

Posted in Lender Liability, Market Trends, Tough Times for Lenders

In a prior posting, I mentioned the need to watch for local legislative and regulatory\administrative trends or changes.  But don’t forget to watch for changes at the court house, too. We’ve been watching, waiting and even researching this one: an assertion that Borrower would pay at maturity of the commercial mortgage loan, except that the credit crisis… Continue Reading