Protecting the Value of Foreclosed Property
- Thursday, March 19, 2009
An unfortunate reality of today's economy is that lending institutions are more and more often finding themselves the owners of foreclosed property. In many cases, these properties operate with environmental and land use permits and approvals or under liability exemptions for existing contamination. Foreclosed property may be subject to requirements found in:
- wetland permits
- sand dune permits and special exceptions
- inland lake and streams permits
- floodplan permits
- special land use approvals
- conditional rezonings
Financial institutions foreclosing on real estate may become subject to regulation enforcement or liability relating to pre-existing contamination or due care obligations.
This roundtable discussion will help you understand the issues and what you must do in order to maintain permits and approvals and protect the value of foreclosed property.
- Matt Zimmerman, Varnum environmental attorney
- Don Snide, Varnum financial attorney
- Matt MacGregor, King & MacGregor Environmental
- Matt Eugster, Varnum environmental attorney
Reserve your seat by March 13!