Covid-19 casts a shadow on life as we know it. “Corona virus.” “Shelter in place.” “Social distancing.” These terms have transformed American society. Simply put, Covid-19 has caused a wide-ranging ripple effect on our society and economy, including commercial and consumer borrowers’ inability to make their loan payments on time. As a result, federal, state and local governments are restricting secured creditors rights and remedies in an effort to avoid a massive recession and to prevent waves of foreclosures and bankruptcies.
In this environment, it is critical that every bank, credit union, mortgage lender, private money lender, loan servicer, broker and investor have a plan to deal with their distressed borrowers. Lenders must be ready to swiftly take steps to keep loans performing in a manner which will hopefully prevent the type of litigation which can ensue in an NPL situation.
This webcast will provide critical and time-sensitive information which every bank, credit union, mortgage lender, private money lender, loan servicer, broker and investor can use to create a plan to deal with distressed borrowers while we continue to move forward under the shadow of Covid-19.
In addition to the Buchalter lawyer presenters, John L. Hosack, Esq. (Shareholder and Co-Chair of Buchalter’s Title Insurance Group), Jason E. Goldstein, Esq. (Shareholder and Co-Chair of Buchalter’s Mortgage Banking Group), Michael Flynn, Esq. (Of Counsel, Co-Chair of Buchalter’s Mortgage Banking Group & Co-Chair of Buchalter’s Title Insurance Group), Joe Vargas, Esq. (Shareholder) and Oren Bitan, Esq. (Shareholder and Co-Chair of Buchalter’s Cannabis Industry Law Group), this webcast includes presenter Mr. Joffrey Long, who is an active private money lender, loan servicer and expert witness that provides additional real word insight into these issues.