5 Steps For Dealing With Troubled Properties

Law360, New York (March 1, 2012, 4:13 PM EST) -- 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:...
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