In the latest installment of “Mezzanine Foreclosures in the Time of Coronavirus”, the Lender fired back at the Borrower’s injunction request, claiming that the Borrower had “squandered lifelines” thrown out to it over many months and that granting the stay would let the Borrower “benefit from a global crisis by evading the consequences of its own chronic failures, which pre-date COVID-19 by months, if not years”. Governor Cuomo made another guest appearance, issuing a new Executive Order providing further restrictions on foreclosures the night before the Lender filed its brief. Continue reading for our take on the saga so far: “Mezzanine Foreclosures in the Time of Coronavirus: Chapter 2”.
