Commercial Loan Defaults: Strategies and Tactics for Lenders

Douglas Waldorf


Attorney Douglas L. Waldorf Jr., is a Florida Bar Board Certified Real Estate Lawyer whose practice focuses on banking industry clients. He represents lenders in commercial and residential loan transactions, as well as in mortgage foreclosures, deeds in lieu of foreclosure, forbearance agreements and other matters related to defaulted loan workouts. Prior to joining Henderson Franklin in August of 2003, he served for nearly twelve years as Vice President and Corporate Legal Counsel for SunTrust Bank.

Mr. Waldorf regularly serves as a lecturer on banking matters for the Miami-based Center for Financial Training. He writes The Lender's Perspective, a periodic newsletter for banking industry clients, and has also authored a book entitled Bank Loan Defaults: Strategies and Tactics for Lenders in Florida.

Mr. Waldorf was named to the 2006 list of Florida Super Lawyers which recognizes the state's top five percent of attorneys as selected by extensive peer review.

Thursday, June 4th, 2009
1:30 pm - 3:30 pm CT
This course will focus on what options are available to lenders when a loan goes into default. Through the use of a hypothetical defaulted loan, students will learn what to do when the default occurs, when and why to utilize legal counsel and what to expect as collection efforts proceed.

Topics Include:

  • The current lending environment
  • Analyzing the default in the context of the loan documents
  • Demand and acceleration of the loan
  • Loan workouts and forbearance agreements
  • Collection alternatives
    • Collecting on the note
    • Mortgage foreclosure and the possibility of deficiency judgments
    • Enforcement of security interests and self-help remedies
    • Set off against accounts and other funds held by the lender
    • Enforcing guaranty agreements
  • Bankruptcy and its impact on collection activities
  • Deeds in lieu of foreclosure
  • Receiverships

Who Should Attend?

Include Special Assets Officers, Loan Officers, Document Preparation Specialists and other Financial Institution Staff dealing with new or defaulted loans.

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