Timing is Everything
IN RE: DUCKWORTH Timing is Everything Occasionally, lenders insert erroneous dates in loan documents. Sometimes closing dates change and a reference to the wrong date of a promissory note in a security agreement makes its way into the executed document. . . . [READ MORE]
How a Non-Recourse Loan can become a Recourse Loan
TITAN LEASING How a Non-Recourse Loan can become a Recourse Loan Simply stated, a non-recourse loan is an arrangement where the borrower pledges collateral as security for the loan, and the lender’s only recourse in the event of default by . . . [READ MORE]
Southern Financial Group, LLC v. McFarland State Bank
Southern Financial Group, LLC v. McFarland State Bank Southern Financial Group (“SFG”) is a firm that specializes in purchasing distressed assets for investment. SFG bought at auction a loan portfolio from McFarland State Bank (“McFarland”) which McFarland had previously acquired . . . [READ MORE]
