Jan 102010

Commercial Short Sales – Strategy

Some of the factors which go into the planning of a successful commercial short sale or loan workout:

1. Who is on Title?

2. Who is own the Loans?

3. Which Assets are at Risk?

4. What to do if the lender opts for a Judicial Foreclosure?

5. What to do if the lender opts for a non judicial foreclosure?

6. What if the lender opts for both?

7. Is there a personal guarantor? What is his or her exposure?

8. Should you consider bankruppcy, a loan modification, bridge loan, refinance or walk away?