Navigating the Unmarked Hazards for Marine Lenders in Non-Judicial Foreclosure of Preferred Ship Mortgages
By International Maritime Group |
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” William Arthur Ward Ward’s descriptions of the pessimist, the optimist and the realist apply handily to those parties involved in the foreclosure of a ship mortgage. It was, after all, the optimism of the borrower that led him […]