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Originally posted by sebastian_dangerfield
Oh, I lost those. A good NY lender will kill you. The NY firms write up soooo much tighter paper than the yahoos punching out loan docs in this cesspool. I plead duress last time under NY law. Try that if you want to get battered to shit and laughed out of court. But it kept us alive long enough to get the refi done, so all was well.
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Hmmm, have you tried unconscionability?
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These days, I think a lot of lenders default iffy commercial creditors just so they can get the refi money and get the hell out of the loan. I don't think they actually intend on ever levying on the fucking assets, which are more often than not worthless anyway.
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Fascinating.
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