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Chapter 3
Practice Notes
Forms
§ 3.1 Introduction
§ 3.2 Analyzing the Circumstances
§ 3.3 Negotiated Agreements to Restructure the Debt
§ 3.4 Negotiated Plans for Liquidation of Collateral
§ 3.5 Unilateral Acts by Creditor to Take Control of All or Part of Mortgaged Property
§ 3.6 Judicial Action by Lender
3-1 Agreement Concerning Terms of Workout Negotiations
3-2 Foreclosure Forbearance Agreement
3-3 Reinstatement, Modification, Renewal, and Extension Agreement
3-4 Loan Purchase Agreement
3-5 Assignment of Note and Liens
3-6 T-3 Endorsement Instructions for Use Upon Assignment of Lien
3-7 Estoppel Certificate from Note Seller Concerning Assigned Note
3-8 Estoppel Certificate from Obligors Concerning Assigned Note
3-9 Letter to Maker—Notice of Assignment of Note
3-10 Warranty Deed in Lieu of Foreclosure
3-11 Agreement for Deed in Lieu of Foreclosure
Chapter 3
3 Evaluating the Options for Collecting the Debt
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