Learn strategies to help you navigate commercial mortgage collection issues specifically related to commercial mortgages.
This course will help lenders and mortgagees navigate collection issues specifically related to commercial mortgages. You will learn both proactive and reactive strategies as well as how to address frequent collection issues.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Starting at the Beginning: Declaring Default
- Monetary vs. Non-Monetary Defaults
- Demand/Acceleration Letters
- Title Search/Other Liens
Judicial Foreclosure
- State Court vs. Federal Court
- One Action Rule
- Receivers and Receiver Sales
- Credit Bidding
- Foreclosure Sale Process
Non-Judicial Foreclosure
- Process and Procedures
- Practical Considerations
Foreclosure of Personal Property/Ucc Issues
- Attachment vs. Perfection
- Enforcing Security Interest
Deed in Lieu of Foreclosure
- Practical Considerations
- Requirements for Enforceable DIL
Refinance and Discounted Payoffs
- Requirements Related to Payoff Requests and Releases
Bankruptcy Issues
- 341 Meeting of Creditors
- Automatic Stay and Relief From Automatic Stay
- Cram Down
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on June 27, 2022.
Call 1-866-352-9540 for further credit information.
- AK CLE 1.0
- Alaska attorneys may receive 1.0 hours of continuing legal education for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
- AL CLE 1.1
- This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.1 hours credit.
- AR CLE 1.0
- This course has been approved for 1.0 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.0
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.0 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.0
- Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.0 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- GA CLE 1.0
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
- MO CLE 1.3
- This course qualifies for self-study CLE credit in Missouri.
- ND CLE 1.0
- North Dakota CLE policy does not allow for pre-approval of any self-study courses. This course may qualify for up to 1.0 hours of CLE credit.
- NH MCLE 1.1
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 67 Minutes.
- NM CLE 1.1
- This program has been approved by the New Mexico Minimum Continuing Legal Education Board for 1.1 hours of credit.
- RI CLE 1.0
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.0 hours of CLE credit.
- VT CLE 1.0
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.0 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
- WA CLE 1.0
- This program has been approved by the Washington State Board of Continuing Legal Education for 1.0 hours of A/V credit under the Law & Legal Procedure category.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
Virginia MCLE requirements do not allow approval for programs that do not include an audio or audiovisual component.
This program was previously offered as a live webinar. Virginia MCLE requirements do not allow approval for attendance at duplicate programs.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
![Andrew T. McClain](https://image.lorman.com/speaker/tr:w-144,h-216/4648876.jpg)
Andrew T. McClain
Foley & Lardner LLP
- Senior Counsel with Foley & Lardner LLP in the firm’s Bankruptcy & Business Reorganizations Practice Group
- Practice focuses on creditors’ rights, out-of-court workouts and restructuring and commercial litigation, with an emphasis on commercial real estate
- Represents secured lenders, special servicers, government-sponsored enterprises, equipment suppliers, and court-appointed receivers
- Experience includes judicial and non-judicial commercial foreclosures, receiverships, and Article 9 sales
- Regularly represents clients in a wide variety of commercial litigation, including real estate litigation, business disputes, and construction litigation
- Illinois Super Lawyers® ‘Rising Star’ (2019-2023)
- Best Lawyers: Ones to Watch® for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law (2021-2024)
- J.D., with honors, Michigan State University College of Law; B.S., Fordham University
![Jill L. Nicholson](https://image.lorman.com/speaker/tr:w-144,h-216/3804551.jpg)
Jill L. Nicholson
Foley & Lardner LLP
- Former National Chair of Foley & Lardner Commercial Bankruptcy & Restructuring Group and Member of Real Estate Group
- Lead counsel to largest commercial special servicer in over $5 billion of defaulted and distressed loans
- Lead counsel to CMBS investor in $1.7 billion office property portfolio default
- Lead counsel to secured lender in multi-state portfolio default of 50 multifamily borrowers
- Lead counsel to multiple lenders and special servicers in connection with Securities & Exchange Committee receiverships involving distressed commercial real estate
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Credit
More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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All of your training, right here at Lorman.
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