This week, Laura S. Bouyea presented on the initial steps of a CRE foreclosure proceeding at PLI’s commercial real estate panel. The conference included presentations on market outlook, foreclosures, real estate valuations, financial procedures, and more. Laura’s session covered the following topics:
- Comparing types and levels of default
- Drafting proper notices of default
- Knowing how and when to communicate with the borrower
- Completing necessary due diligence
- Preparing the complaint
- Working with receiverships