Omega Performance Knowledge Series Podcast – Loan Documentation—It’s All in the Details
Manage episode 150704035 series 1004403
A new cottage industry is rising from the ashes of the credit crisis, exemplified by a company called “You Walk Away” that helps borrowers in foreclosure by finding flaws in their mortgage documents. These flaws make it difficult or even impossible for the lender to collect or liquidate the collateral; and the borrower walks away. Accurate and complete loan documentation has always been important, but in this environment it is critical to the lender’s ability to collect. How well do your loan documents protect your
bank’s interests? This podcast exposes the loopholes and provides advice you can use.
10 episodes