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The ABCs of Commercial Loan Modification

Before we jump into the meat of this article, let me give you a quick and dirty definition of a commercial loan modification. Definition: A modification to terms of a commercial loan that does not include refinancing. Modification occurs on a case-by-case basis when the borrower is unable to make loan payments due to financial [...]

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How to Not Come Across as a Scammer in Loan Modifications

The promise of a loan modification may bring relief to troubled homeowners. But the process can seem daunting or impossible. As a result, many people will hire someone to handle modification. Yet, these stories do not always end well. In recent years, there have been a host of companies and individuals posing as loan modification [...]

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What Is a Commercial Loan Modification?

A commercial loan modification, also called a Workout Loan, may be considered if a business is in financial distress and unable to pay back a loan. In order to understand what Commercial Loan Modification means, let’s break down each word and define it: Commercial: Related to business. We are only concerned with loans taken out [...]

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How a Commercial Short Sale Can Save the Day

As an investor, you’re looking for opportunities to help people. That should be your ultimate goal. Often, in bad economic times (like the past few years), companies need to reduce their asset load due to decreases in property values. In essence, the properties that were once assets are now burdens and foreclosure is a very [...]

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How to Do a Commercial Short Sale

It’s Commercial Loan Modification and Workouts month on the Investor Insights. Sounds kind of like a boot camp? Well, today’s post kind of is. You have to work hard to get the short sale process approved and to get through the process. Here’s how a commercial short sale works. Short Sale Defined A short sale [...]

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