Loans Gone Wild: What Actually Happens When a Loan Defaults

Many new lenders immediately worry about the worst-case scenario, “the nuclear option” in lending: Defaults & Foreclosure! Beth shares a case study where making sure your equity buffer is solid along with doing the appropriate due diligence and legal documents helped her client not only be made whole again after a default with a borrower but also make more than the lender would have had the loan gone as planned!