Judicial Foreclosure Actions—Attorney’s Fees Are Added to the Loan Indebtedness for Purposes of Calculating Deficiency and Fee Exposure
Cases: Deeds of Trust, Cases: Fee Clause Interpretation, Cases: Special Fee Shifting StatutesSecond District Rejects Borrower’s Argument That Contractual Fees Incurred by Lender Are Excluded from Deficiency Calculation. In this time of subprime lending fallout and rising foreclosures, judicial foreclosures are making a comeback, as they typically do when market values plunge. Lenders on commercial and investment residential projects frequently opt to pursue […]
