Hiring An Expert Is Often The Best Approach In Foreclosing On Offbeat Collateral

LexisNexis (November 20, 2017, 1:58 PM EST) -- If a secured lender wants to hold a foreclosure sale of its collateral, often the best practice is to bring some expertise to bear. Following the directions of an expert in the type of collateral that is to be sold could protect the lender's right to a deficiency claim.  This is particularly true when the collateral is unusual and the creditor has no experience in the area.  A recent case from New York shows the benefit of using experts.

The New York case.  In Bank Leumi...
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