Chip Ford

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Chip Ford has 20 years of experience representing creditors in all aspects of commercial debt collection and loss mitigation, including loan restructuring, bankruptcy and litigation to enforce remedies such as foreclosure and receivership. His clients include national and regional banks, commercial mortgage-backed securities (CMBS) special servicers and purchasers of distressed debt.

Latest Articles

Getting charged extra for a late payment is standard protocol in lending practices. Judges, lawmakers and regulators have long agreed there’s an administrative hassle lenders should be compensated for when having to recover money past its due date. But in the commercial real estate industry, there’s a new question related to maturing loans originated before the financial crisis: Can a lender charge a late fee on the full amount of a balloon payment due at…