5 Steps For Dealing With Troubled Properties

Law360, New York (March 01, 2012, 4:13 PM ET) -- In this article, I will set out an approach for borrowers who own troubled properties to consider even before discussions with the lender occur. Even though it is very important to maintain good communication with the lender and let the lender know as soon as possible if trouble is on the horizon, the borrower should first investigate certain issues and work on devising an approach to the problem.

The following are the steps a borrower should take upon determining that a property is in trouble:...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers