As the real estate market faces one of the worst economic crises in recent memory, lenders and borrowers alike are scrambling to preserve and maximize the value of their investments. With property values falling and with difficulties in selling, recapitalizing or refinancing many real estate projects, mezzanine lenders must make the hard decision between walking away and foreclosing on its collateral. As tough as that choice might be, if the decision is made to exercise its remedies under the mezzanine loan, mezzanine lenders should be extremely careful in the course of action they take.Read more
More state and national mortgage news and mortgage press releases:
- Lender Processing Services announces formation of LPS Real Estate Group Lender Processing Services Inc., a provider of integrated technology...
- FNC launches real estate valuation tool FNC Inc. has announced the launch of the Collateral...
- Lender Processing Services streamlines the refinance process with RediRefi Lender Processing Services Inc. (LPS), a provider of integrated...
- Lender Processing Services streamlines the refinance process with RediRefi Lender Processing Services Inc. (LPS), a provider of integrated...
- Equity National announces acquisition of Secure Collateral Equity National of East Providence, R.I., a real estate...
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