Menu
Whenever a liability is set up, there is always someone to be held responsible. In a time when lawsuits are in the thousands in the United States regarding the responsibility for when things go wrong, everyone in every industry is trying to make sure that they are not the last one holding the bag. In the case of the commercial mortgage backed security industry, this diligence is falling on the zoning compliance. Because zoning compliance regulations have increased tremendously even in the last couple of years, lenders are now requiring these documents before agreeing to fund the loans that they have approved. These satisfactory zoning letters have to come from the right municipality and in that, it becomes complicated. Who is responsible for doing their due diligence to make sure that the property’s zoning compliance regulations have been followed? No matter who is being required to complete the task of due diligence in regards to zoning compliance, NYC’s John Lasala founded the National Zoning Group, LLC to help ensure that the process of procuring the necessary satisfactory documents is a process that goes off without a hitch. Being able to count on companies like the NYC based company that John Lasala started can be a huge relief. They make a process that is stressful, tedious and complicated efficient and expedient. With their services, borrowers (the party typically left holding the zoning compliance bag), can outsource the procuring of these documents and continue towards finishing the rest of the items on the checklist in order to receive their funding quickly. Comments are closed.
|