Demystifying the Out-of-Court Foreclosure Process
Mezzanine lenders looking to foreclose on their collateral have the advantage of being able to pursue remedies outside of court. But the process, which is described in the Uniform Commercial Code (UCC), is often ill understood and can seem daunting. In this article, we aim to simplify the process, explain the roles of lawyers and other professionals, and highlight some common strategies and pitfalls.
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This article was authored by partners Uri Itkin and Avi Feinberg. Should you have any questions, please reach out to either of them or Akin real estate partners Marc Epstein and John Bain.
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