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Commercial Foreclosure
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Foreclosure of Commercial Properties: Effect of Modification
It is sometimes possible to modify a commercial loan in order to avoid foreclosure. The main purpose for modifying loans on commercial properties in m...
Legal Issues with a Delinquent Commercial Mortgage
When a business owner obtains a commercial mortgage to purchase property, he signs a promissory note and pledges the property as collateral by signi...
Attornment Clause & How it Affects Commercial Foreclosure
An attornment clause is a critical aspect to take into consideration when commercial foreclosure occurs. In commercial foreclosure, the lien holder ...
Attornment Clauses in Commercial Leases
An attornment is the act by which a tenant acknowledges a new owner of the property as the new landlord. A tenant agrees to acknowledge any new landlo...
How to Avoid Commercial Foreclosure on Your Business Property
A commercial foreclosure of a business property can have an overwhelming short term and long term impact on a business owner. In a commercial for...
Commercial Foreclosure Vs. Residential
The only major difference between a commercial foreclosure and a residential foreclosure is the borrower. In the case of a residence, the borro...
Commercial Foreclosure Procedure: An Overview
Commercial foreclosures are, in most cases, very similar to residential foreclosures. The foreclosure may be nonjudicial or judicial depending on the ...
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