Default Remedies: Traps for the Unwary, Weapons for the Wise
Steven Morger, Al Flor and Mark Epstein presented “Default Remedies: Traps for the Unwary … Weapons for the Wise,” on June 10, 2014 as part of the Wendel Rosen Speaker Series.
The panel discussion addressed the fine line between a properly documented default remedy provision and an unenforceable penalty provision in a contract.
Topics discussed included:
- Default Rate Interest
- Dual Track Foreclosures
- Structured Settlements
- Incentive Discounts
- “Bad Boy” or Springing Guaranties
- Prepayment Waiver
- Late Charges (Balloons)