The new year may start with a bang for lenders, but not in a good way.
On the heels of the federal eviction moratorium expiration for most states that takes place in January, lenders may see a rise in commercial foreclosures—both on properties that had been in default before COVID-19 took hold and properties that were vacated over 2021.
In this episode the podcast we speak with Brendan Arnott, Senior Vice President at Chubb insurance about what risks lenders and other financial institutions need to keep in mind when taking ownership of a growing vacant property portfolio.
Thanks to SAP for sponsoring this episode. To learn more about SAP use the link below