Alston & Bird hosts monthly client seminars designed to provide current, relevant information about today’s legal issues. At this program, Alston & Bird partner, John Baron, was joined by Paul Kurzeja, Assistant General Counsel - Bank of America, and Dean Roberson, Director, Commerical Mortgage Special Servicing and Portfolio Management - Bank of America. The panel discussed tax considerations in workouts of distressed assets that are collateral for securitized mortgage loans, in particular restrictions on types of collateral that can be taken in foreclosure, how long such collateral can be held by a REMIC, how the collateral can be managed, and activities that can give rise to tax or other adverse consequences for a REMIC.
April 19, 2012
Alston & Bird LLP / Charlotte, NC