Timi Hallem Explores "What to do When a Condo Project Goes South"
April 28, 2009 - Timi Hallem, a real estate and land use partner at Manatt, Phelps & Phillips, LLP, authored the April 28 article “What to Do When a Condo Project Goes South” in American Banker, the nation’s premier banking industry publication. Hallem guides lenders through the complex process of foreclosing on a condominium construction loan and provides real-world scenarios to illustrate problems that can occur. ”The lender must quickly become familiar with everything from internal condo rules and regulations and association by-laws to state and federal regulations governing the sale or reuse of failed projects,” Hallem advises.
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