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 »