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The COVID-19 pandemic has had far-reaching impacts for the real estate finance market. As borrowers increasingly have trouble staying current with loan payments, lenders and brokers, as sellers (“Sellers”), with investors, as purchasers (“Purchasers”), under loan sale agreements will likely find that early payment default repurchase provisions included in such agreements are triggered with increased …

[COVID-19] Early Payment Defaults in Loan Sales Read More »

As the COVID-19 pandemic sweeps the nation and disrupts almost every aspect of the economy, lenders are facing the reality that many of their borrowers cannot make payments. The simple response is for the lender to declare a default and initiate foreclosure (non-judicial foreclosures of business purpose loans remain mostly unaffected by recent government restrictions). …

[COVID-19] Modification vs. Forbearance in the Age of COVID-19 Read More »