AVOIDING THE RECHARACTERIZATION OF CERTAIN DEED-IN-LIEU-OF-FORECLOSURE TRANSACTIONS - ENSURING THAT WHAT YOU DRAFT IS WHAT YOU GET

Authors
STARK DP
Citation
Dp. Stark, AVOIDING THE RECHARACTERIZATION OF CERTAIN DEED-IN-LIEU-OF-FORECLOSURE TRANSACTIONS - ENSURING THAT WHAT YOU DRAFT IS WHAT YOU GET, The Banking law journal, 110(4), 1993, pp. 330-341
Citations number
NO
Categorie Soggetti
Law,"Business Finance
Journal title
The Banking law journal → ACNP
ISSN journal
00055506
Volume
110
Issue
4
Year of publication
1993
Pages
330 - 341
Database
ISI
SICI code
0005-5506(1993)110:4<330:ATROCD>2.0.ZU;2-B
Abstract
The author analyzes the reported decisions that have ruled on the issu e of whether executory deed transactions are unenforceable as a ''clog '' of the equity of redemption of defaulting borrowers. Lenders are ad vised on how to structure and document such transactions so as to incr ease the likelihood that they will be enforced.