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Best Practices for New York Foreclosure Actions: A Guide for Banking and Workout Officers

Navigating the pre-foreclosure phase of a commercial property loan requires careful attention to both contractual obligations and statutory requirements. Before initiating foreclosure proceedings, lenders must conduct...more

Tenant Abandonment of Property at Leased Premises in New Jersey

What Rights and Remedies Does a Landlord Have Against the Tenant or Secured Creditors? Although not ideal, most every landlord has experienced a commercial tenants to sometimes ceasing business operations and handing over...more

A Day Late and a Dollar Short: A Mortgagee’s Obligations and Best Practices Upon Receipt of Short Loan Payoff Funds

In the ever-evolving world of mortgage lending, a scenario often arises where a borrower refinances their existing mortgage with a new lender, but the payoff funds tendered by the new lender are less than the full amount...more

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