Working at Workouts case study

Instructions

From the "Working at Workouts" case, answer the following questions (1000 words):1 - Why did Mike Burton default? Were his actions ethical in your view? Support your position with facts from the case, including financial analysis.2 - What are the key options available to the special servicer and what are the pros and cons (financial and otherwise) of each option for Drive/Spiner?  Which option do you recommend and why?3 - What concerns, including ethically-based concerns, would you have about proceeding with a workout (loan modification), if you were Sam Schey***Notes to consider***make sure you are not being spun by the presentation of a situation and are digging down to fully consider the facts before determining any resulting ethical obligations. Making a lot of assumptions from a little information and/or believing you are the smartest one at the table is a sure way to miss some good deals and get snookered into some bad ones through creating ethical obligations that dont really exist. Conversely, you can also miss an ethical issue that should be staring you in the face.****Namely, that ethics arent an academic exercise with little application to the real world of business decision-making. Rather, they are an integral part of that decision-making****

Answer

Working at Workouts case studyThe financial meltdown of 2008-2009 presented problems to businesses. Firms such as real estate businesses found it hard to service their loans due to economic hardship. The decisions made by both lenders and businesses aligned with financial discipline. However, the analysis of the decisions and the actions of the economy players would be clearer when using ethical principles. Moral concepts will be useful when analyzing the decisions.Mike Burton Loan Default and Moral UnderstandingMike Burton operating under the firm Burton Properties, LCC failed to service a commercial mortgage extended by Colonial National. The lender disbursed $ 1,250, 000 loans out of the possible $ 1,350,000 required by the borrower. Records indicated that the borrower made eighteen pay...
To avoid plagiarism, part of the answer is hidden. Click on the button below to order the full answer.
Order Answer Back
Price Calculator
Manage orders
Why we are Ranked the best
  • Unlimited Revisions
  • Free 24/7 Support and chat
  • Money back guaranteed
  • Low prices with discounts
  • Experienced writers.
  • Free Unlimited support

Hear from our customers

Get a quote Chat with support Find an expert Frequently asked questions