NAIOP and Michael Best will host a “virtual” breakfast meeting for real estate leaders with the concrete strategies you need to know today, as we enter a new phase of the real estate cycle.
We will present a brief refresher on how the foreclosure process works, from the date of a missing loan payment or missed covenant, an explanation of how the Governor’s Executive Order stops foreclosure filings and sheriff sales, what legal action the Executive Order does not stop, and strategies for entering into a Workout Agreement with a Lender, including the hidden tax impacts of workouts and cancellation of indebtedness.
Registered guests will receive an email with Zoom login information the day before the event. Through Zoom, we will share the knowledge in the “room” of how to get the best result from these negotiations, whether you are a lender or a borrower, and how title insurance and other due diligence, plays a part in this process. We intend these programs to be interactive, with the speakers each giving a short presentation, and then engaging with each other and the audience in a discussion to share best practices and strategy to make it through the next phase in our real estate markets.