REAL ESTATE

Reinstatement of Accelerated Commercial Mortgage Loans

"An ounce of prevention is worth a pound of cure"

, New Jersey Law Journal

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When payments from a borrower are late, the mortgage holder takes notice and begins to consider its remedies. The borrower, however, typically doesn't retain counsel until an acceleration letter is received, or until a summons in a mortgage foreclosure action is received. This article will demonstrate how Benjamin Franklin's adage about an "ounce of prevention" applies to the reinstatement of an accelerated commercial mortgage loan.

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