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Buyer Beware

Secured lenders often consider an out-of-court foreclosure as a faster and more efficient alternative to a credit bid sale under Chapter 11. The Second Circuit Court of Appeals has nowthrown a monkey wrench into the foreclosure alternative.

11 minute read May 14, 2011 at 11:29 AM
By
Lawrence S. Goldberg And David M. Hillman
Buyer Beware

Secured lenders often consider an out-of-court foreclosure as a faster and more efficient alternative to a credit bid sale under Chapter 11.

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