Limiting Liability in a Depressed Economy: California's Foreclosure and Guaranty Law

On March 11, 2009, attorney Steven Morger will be giving a presentation addressing how to protect financial interests during foreclosure action. Below is an overview of what will be discussed: SAFEGUARD YOUR INTERESTS DURING A FORECLOSURE ACTION If housing was the recession story of 2008, commercial real estate will dominate the media headlines in 2009. The value of commercial real estate is expected to continue to dramatically decrease, which will result in a wave of foreclosures this year. In a commercial foreclosure do you know how to protect your financial interests? Do you understand California's foreclosure process? The answers to these questions and more will be covered in a thorough, in-depth discussion sponsored by Wendel, Rosen, Black & Dean LLP. For real estate owners, developers and professionals, these speaker sessions are a must-attend event. · Session One: We will focus on California's judicial and non-judicial foreclosure schemes, a review of the processes and, more importantly, the significant debtor protection and planning aspects inherent in foreclosure law. The presentation will also address the different aspects and judicial interpretations of California's antideficiency statutes. · Session Two: This session will cover the legal issues surrounding loan debt and guarantees, with a focus primarily on the treatment, exposure and liability of guarantors under California law. Prepayment, late charges and other issues bearing on the underlying debt will be part of the session. Finally, issues concerning creditors' attempts to coerce borrowers and guarantors to perform, as well as strategies to rebut those attempts, will round out the discussion.