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True or False A loan is 100 days past due, with a $100M current appraisal for house with a loan balance of $40,000 and
True or False A loan is 100 days past due, with a $100M current appraisal for house with a loan balance of $40,000 and the borrower has been served with foreclosure notice, with the court date of next week. The borrower has come in to say he is waiting for his $500,000 lottery funds to be received with a certified notice from the Lottery Board provided indicating that the funds would be released would it be ok to NOT place the loan on nonaccrual?
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