Lender responses to troubled loans
Article Abstract:
Mortgage lenders, in dealing with a troubled loan, must often choose from among five courses of action: contested foreclosure, consensual or friendly foreclosure, deed-in-lieu of foreclosure, 'prepackaged' bankruptcy or 'borrower in possession' workout. The disadvantages and advantages of each approach are discussed. Contested foreclosures are usually costly and lengthy, but they have several advantages.
Publication Name: Real Estate Review
Subject: Real estate industry
ISSN: 0034-0790
Year: 1993
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The loss of value of REO and bankrupt properties
Article Abstract:
Owners of properties in danger of being repossessed often stop investing in the maintenance and proper management of those properties, allowing them to become dilapidated. Therefore, lenders sometimes find it difficult to obtain reasonable prices for repossessed properties. The values of such properties can be raised by investing in the management necessary to bring them back into a nondistressed state.
Publication Name: Real Estate Review
Subject: Real estate industry
ISSN: 0034-0790
Year: 1995
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Do RICO laws threaten innocent lenders and lienholders?
Article Abstract:
Property purchased with illegal profits can be seized under federal and state corrupt-activity laws. Such seizures can impact residential income properties' values, with repercussions for lienholding organizations and individuals. An Akron, OH, case involving brothers Thomas Dudley Thrower and Albert Dudley Thrower is analyzed to determine the property-value implications of seizures.
Publication Name: Real Estate Review
Subject: Real estate industry
ISSN: 0034-0790
Year: 1993
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