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Lenders are often reluctant to do short term loan modifications because they would be forced to treat the modification as a troubled debt restructuring (“TDR”). The Financial Accounting Standards Board requires the Lender to treat a TDR as a problem loan and create loss reserves. On March 19, 2020, the…
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The health of all of our clients, colleagues, and employees is of paramount importance to Friedman Schuman, PC. We are closely monitoring the COVID-19 (coronavirus) situation, a growing concern in Montgomery County, Pennsylvania, our nation and the world. The government has mandated many closures and the CDC has recommended social…
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If you are in the market for a new house, you most likely have come across the Equal Housing Opportunity logo. The symbol is an equal sign inside of a house, usually seen on a landlord’s, real estate agent’s, or lender’s paperwork. This represents the Fair Housing Act. If you…
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