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Jim Tancredi in the Hartford Business Journal: "Developer, Homeowner Defaults Share Roots"
Publisher: Hartford Business Journal
12/21/2009
Bankruptcy and Creditors' Rights partner Jim Tancredi is quoted in the Hartford Business Journal on the parallels between recent foreclosures of commercial properties and the hundreds of home seizures in Connecticut.
"People, whether they were involved in residential or commercial loans, were used to calling up their local bank to work out a loan that may be in trouble," Tancredi said. "Now with many of these loans being securitized, borrowers are frustrated by the inability of the servicer to respond. You don't necessarily get a working relationship between bankers and borrowers."
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Related Practices: Bankruptcy and Creditors' Rights, Distressed Assets Team
Related Professionals: James J. Tancredi
email to your friend
Publisher: Hartford Business Journal
12/21/2009
Bankruptcy and Creditors' Rights partner Jim Tancredi is quoted in the Hartford Business Journal on the parallels between recent foreclosures of commercial properties and the hundreds of home seizures in Connecticut.
"People, whether they were involved in residential or commercial loans, were used to calling up their local bank to work out a loan that may be in trouble," Tancredi said. "Now with many of these loans being securitized, borrowers are frustrated by the inability of the servicer to respond. You don't necessarily get a working relationship between bankers and borrowers."
View Article
Related Practices: Bankruptcy and Creditors' Rights, Distressed Assets Team
Related Professionals: James J. Tancredi
email to your friend