Thomas Biafore

Thomas Biafore

Kilpatrick

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This Servicing Counselor identifies issues a servicer considers when a borrower requests a release of part of the collateral that...

Example 1. Borrower’s loan documents provide that borrower may obtain the release of noteholder’s lien on a portion of the collateral (Parcel C) if: (1) borrower pays a $1.5 million release price to pay down part of the...more

3/10/2020  /  Borrowers , Collateral , Financial Services Industry , Lenders , Liens , Loan Documentation , Loans
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