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.

Mortgages

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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.

Commercial Banks, Commercial Banking, Business Financing, Research, Real estate investment, Real estate investments, Repossession

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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.

Economic aspects, Cases, Finance, Searches and seizures, Valuation, Real property, Real estate appraisal, Thrower, Albert Dudley, Thrower, Thomas Dudley

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