While traditional loan underwriting seeks to minimize risk by ensuring that the loan amount can be easily recovered, securitized lenders focus on managing risk by maintaining the cash flow of the property and by isolating the collateral property so that it can be easily transferred to the lender in the...
Chapter 7 is generally the simplest and quickest form of bankruptcy and is available to individuals, married couples, corporations and partnerships. A trustee appointed by the court sells some of your property and the profits are distributed to creditors according to federal law. Property that is “exempt” isn’t available...
Due diligence is the equivalent of diplomacy: by determining what issues involving the real property exist, rooting out hidden problems and solving them before the transaction closes, a buyer or lender can develop a thorough understanding of the risks and rewards of the transaction and avoid later litigation. This knowledge...