The Effect of Bankruptcy on Abstracts of Judgements

Dennis Wilson Dennis@ 888.579.8454

Dennis Wilson

Frequently it occurs that we issue a preliminary title report showing an abstract of judgment against the
seller as a lien on the property. We are informed that the seller declared bankruptcy, the debt was listed,
a discharge of debtor was issued, and the case was closed. Why are we showing this judgment as a lien on the property? Continue reading

Forms, checklists or reference sheets you use to evaluate property

If you have any forms or reference sheets you use to evaluate a property or checklists send them in via email and I will get them posted for you. Actually any useful forms for commercial real estate. since these are online they should be available anywhere you are working.

CMBS loan that turned recourse because SPE became insolvent

John Baker
Thanks, Brent, for forwarding this.

According to the Court of Appeal decision, the following sub-paragraph is common to many CMBS Separateness Covenants: The borrower shall not,

“fail to remain solvent or pay its own liabilities (including, without
limitation, salaries of its own employees) only from its own funds;”
Continue reading