Bankruptcy
May 5, 2020
Bankruptcy attorneys concerned about whether loan deferments will help landlord clients
If banks do not extend some comparable long-term relief, another real estate and mortgage crash is a near certainty, some attorneys say, but the plans for delayed payments due to no rents being paid may not really help the property owners.
While many landlords concerned about making mortgage payments are receiving continuances or working out other alternative payment structures with their banks, California bankruptcy attorneys worry whether the terms that will go into effect after the deferments end will keep borrowers whole.
"There's no control over what the banks can and can't do. California can't tell the banks what actions to take. However, they have attained coop...
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