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)