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Reinstatement of Accelerated Commercial Mortgage Loans
When payments from a borrower are late, the mortgage holder takes notice and begins to consider its remedies. The borrower, however, typically doesn't retain counsel until an acceleration letter is received, or until a summons in a mortgage foreclosure action is received. This article will demonstrate how Benjamin Franklin's adage about an "ounce of prevention" applies to the reinstatement of an accelerated commercial mortgage loan.Supreme Court of the State of New York Appellate Division: Second Judicial Department STEVEN W. FISHER, J.P. RUTH C. BALKIN WILLIAM E. McCARTHY CHERYL E.
District Judge Arthur D. Spatt U.S. DISTRICT COURT EASTERN DISTRICT OF NEW YORK Appearances: Attorneys for the Appellant: By: Daniel L. McAuliffe, Esq., Jeffrey A
The Seven Habits of Effective Loan Workouts
Stephen R. Covey's leadership principles, set forth in his book The 7 Habits of Highly Effective People, can be a paradigm for parties and their lawyers in the context of resolving commercial loan defaults. The habits articulated by Covey are applicable to both lender-parties and borrower-parties, and to their respective counsel. Attorneys can advise and lead clients to find creative solutions by following these seven principles.Supreme Court of the State of New York Appellate Division: Second Judicial Department A. GAIL PRUDENTI, P.J. WILLIAM F. MASTRO REINALDO E. RIVERA ROBERT
Supreme Court of the State of New York Appellate Division: Second Judicial Department ROBERT A. SPOLZINO, J.P. ROBERT A. LIFSON THOMAS A. DICKERSON CHERY
Tobacco Settlement Proves a Money Maker for the N.J. Bond Bar
Big tobacco has been good for two New Jersey firms this year. McManimon & Scotland served as bond counsel and DeCotiis FitzPatrick Cole & Wisler represented underwriter Bear Stearns & Co. in the January sale of $3.62 million in bonds by the New Jersey Tobacco Settlement Finance Corp.By Saxe, J.P., Marlow, Nardelli, Gonzalez, Sweeny, JJ. 7048-7048A-7048B. Nicholas Pappas plf-ap, v. The Greek Orthodox Archdiocese of North and South America, etc. d
Appearances: WILMER CUTLER PICKERING HALE AND DORR LLP, Attorneys for Jacoby & Meyers LLP, New York, NY. Andrew N. Goldman, Esq., Charles C. Platt, Esq., Melanie J. Dritz, Esq., Of Coun
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