COVID-19’s Potential Effects in the Commercial and Residential Arena [Daily Business Review]

Jeffrey Gilbert published an article to the Daily Business Review discussing the coronavirus and its likely effects on commercial and residential loans, potential foreclosures and related real estate litigation. He explains how south Florida’s number-one industry, tourism, is being hit hard due to the travel restrictions put in place, along with hotels, resorts and restaurants being shut down. Jeffrey also states, "The court system should be prepared, given the evolution of its foreclosure divisions after 2008, to handle or at least be in the position of preparing to handle, the anticipated onslaught of this inevitable litigation, if federal assistance, workouts and other economic stimuli are not fully available and helpful in the short term."

To read the full article, click here.

Share Page On LinkedIn

Related Practices