Q & A: How to Prepare for and Respond to a Loan Default

Northwestern Financial Review › October 07, 2009

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Q & A: How to Prepare for and Respond to a Loan Default

Although Lenders have always needed to monitor loans for warning signs that a borrower may default or that the collateral value has diminished, in these uncertain times monitoring is critical. Lenders should prepare to respond to defaults by understanding their loan documents, collateral and borrowers' businesses. This preparation will put lenders in the ...

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