Welcome to John Waller's blog, which is dedicated to commercial lenders and banks that need to foreclose on loan collateral, enforce liens, and collect commercial debts.
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You work for a bank or commercial lending institution. You oversee a loan secured by commercial real estate that is underperforming or nonperforming. You are considering your options and have referred, or will be referring, the matter to outside...
This is Part II of my discussion of Gangloff Industries v. Generic Financing, 2009 Ind. App. LEXIS 897 (Ind. Ct. App. 2009) (.pdf). Click here for last week’s post. Having concluded that Generic had a security interest in the semi-truck, the...
When commercial asset-based lenders and their collection counsel are confronted with defaults under agreements labeled a “lease,” such as an equipment lease, often there is a question of whether the transaction was a true lease as opposed to a...
Today's Indianapolis Star has a story about how the mortgagee for the local Keystone Towers complex is auctioning off its defaulted-upon loan as opposed to pursuing a foreclosure suit. Click here for the article. A lender's sale of a...
From usatoday.com:
WASHINGTON (AP) — Banks must accurately identify their potential losses when modifying troubled commercial real estate loans under federal guidelines issued Friday.
Click here for the rest of the story.
