Federal and state lawmakers have responded to the foreclosure crisis with a number of new laws and regulations governing the loan modification and foreclosure process.
In a nonrecourse loan, a lender fundamentally agrees to limit its recourse to specified assets rather than to the general assets of the borrower or the guarantors.
Construction and permanent financing of development projects on leased land can pose unique challenges for lenders.
Many lenders are willing to provide a commercial line of credit without obtaining a deed of trust, but require the borrower to execute a negative pledge agreement.
The Legislature has enacted new legislation directed at energy conservation and reduction of toxic materials.
The collapse of the sup-prime residential real estate mortgage market has had significant economic impact and is likely to spawn a litigation tsunami.