http://www.specialassets.jmbm.com/ Published by Richard A. Rogan en-us 2012-01-09T18:30:19-08:00 http://www.specialassets.jmbm.com/2012/01/dont_create_a_liability_when_y_1.html These days, many institutional lenders are selling non-performing loans to financial and strategic buyers. The concept is usually sound because the selling institution can recover at least the amount at which the loan is carried on its books, often together... SAD but True richard 2012-01-09T18:30:19-08:00 http://www.specialassets.jmbm.com/2011/12/why_it_is_important_for_a_lend.html Unless you are a specialized lender who makes loans to debtors-in-possession, you do not make a loan with the expectation that your borrower is going to file bankruptcy. Although the number of bankruptcy filings in California and nationally is trending... Bankruptcy richard 2011-12-30T18:18:34-08:00 http://www.specialassets.jmbm.com/2011/11/sama_comes_to_northern_califor_1.html A few years ago, the Special Assets Management Association (SAMA) was born in Southern California. SAMA is a member-driven non-profit organization dedicated exclusively to fostering the best practice in the workout arena through continuing education, mentoring, skill sharing and peer... richard 2011-11-23T12:17:29-08:00 http://www.specialassets.jmbm.com/2011/11/california_court_decision_thre_1.html In these times of declining property values, lenders are often faced with the prospect of taking back property that will prove to be difficult to manage as ORE. One time-honored means of administering these properties is to move for the... Receiverships richard 2011-11-02T17:05:38-08:00 http://www.specialassets.jmbm.com/2011/10/when_your_borrower_files_bankr_1.html This past quarter end once again reminded us that the economy remains weak and borrowers who have managed to hang on for the past three or four years are running out of staying power. The topic again arose - what... Bankruptcy richard 2011-10-10T09:44:07-08:00 http://www.specialassets.jmbm.com/2011/09/its_important_to_record_the_tr.html While we always recommend that our lender clients make sure the trustee's deed is signed and recorded as soon as possible after a trustee sale, my partner, Joe Demko alerted us to new reason why this is a good idea.... Foreclosures richard 2011-09-13T18:51:56-08:00 http://www.specialassets.jmbm.com/2011/04/california_bankers_association_1.html Another noteworthy conference happening next week is the California Bankers Association's 44th Annual Bank Counsel Seminar from May 4-6 in Huntington Beach. Influential lenders, bank counsel, outside counsel, attorneys from bank regulatory agencies, and compliance officers will be in attendance... Programs & Events richard 2011-04-28T05:11:52-08:00 http://www.specialassets.jmbm.com/2011/04/special_assets_lawyer_update_l.html Lenders, an important conference is coming up next week. Meet the Money® is a forum for lenders in the hospitality industry to meet the experts and get your questions answered about how to get the most from the current market.... Programs & Events richard 2011-04-27T05:00:49-08:00 http://www.specialassets.jmbm.com/2011/04/successor_liability_law_avoidi_1.html When a bank makes a loan, it underwrites the deal to determine whether the risk of repayment is reasonable. Banks don't consider the risk of acquiring the business that is being financed. All too often, of course, when a loan... Foreclosures richard 2011-04-13T05:00:00-08:00 http://www.specialassets.jmbm.com/2011/03/short_sale_legislation_progres.html Last year, the California Legislature enacted a statute that prohibits a deficiency judgment under a note secured by a first deed of trust against a dwelling of not more than four units that is sold at a short sale with... richard 2011-03-15T05:11:27-08:00