Workout

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August 25, 2024 3 min read Definitions

Workout: Mutual Effort by a Property Owner and Lender to Avoid Foreclosure or Bankruptcy

Finance Banking Real Estate Workout Foreclosure Bankruptcy Property Owner Lender

A comprehensive guide to understanding workouts, a mutual effort by property owners and lenders to avoid foreclosure or bankruptcy following a default, including reductions in debt service burden and considerations during economic downturns.

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