In today’s economic climate, homeowners in default on their note and mortgage obligations may believe that foreclosure is inevitable. However, a deed in lieu of foreclosure is an alternative that homeowners facing foreclosure should consider.Continue Reading The A,B,C’s of Deeds In Lieu of Foreclosure
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“White Knights” for Residential Mortgage Workouts
By A. Jennings Stone on
Posted in Litigation, Real Estate
One of the areas of practice for BoltNagi PC is commercial and residential mortgage foreclosure law. Although the substantive law governing commercial and residential mortgage foreclosures is virtually identical, commercial borrowers have an important advantage over residential borrowers: If a commercial borrower is facing foreclosure, it can seek out new investors or a “white knight” to get it out of trouble. Residential borrowers don’t generally have that option.Continue Reading “White Knights” for Residential Mortgage Workouts