Tag Archives: bankruptcy

One More Reason to Hire a Commercial Loan Modification Professional

Attempting to obtain a commercial loan modification agreement from your bank or lender is a job best left to a commercial loan modification professional. Although you are legally able to pursue it on your own, it would be similar to … Continue reading

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Ensuring a Commercial Loan Modification with a Forensic Audit

A commercial loan modification is a modification to a loan agreement, which replaces an existing loan agreement. A bank or commercial lender is not required to consider or grant a commercial loan modification. A commercial loan agreement allows the lender to pursue … Continue reading

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What is the Commercial Loan Modification Process?

When you hire a commercial loan modification professional, it is important to know what to expect. The first step is to go through a consultation and analysis. The commercial loan workout professional will look over your loan papers. They assess … Continue reading

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Commercial Loan Modifications are a Relief in 2009

Commercial loan modifications bring well needed relief to cash strapped business owners trying to weather the storm. According to national newspapers and research firms, there is currently a 30% vacancy in office buildings across the county. Landlords are being forced … Continue reading

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Commercial Loan Modification Lingo Part 1

A commercial loan modification is when a commercial loan is altered or modified to create a new loan agreement between the lender and the business owner. A commercial loan modification is designed to make the monthly loan payments more affordable … Continue reading

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Commercial Loan Modifications are the Best Solutions for Lenders

Commercial loan modifications are seen as the new solution for both business owners and lenders to endure the rough economic times. With the wide spread bankruptcies and foreclosures, something drastic needs to be done to calm the storm. The FDIC … Continue reading

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Commercial Loan Modification Versus Foreclosure

A commercial loan modification is one option for business owners facing difficult financial circumstances. Commercial loan workouts are often pursued after the business owner has already started missing their commercial loan payments. Commercial loan modifications are promoted as a safe … Continue reading

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How Can The Truth in Lending Act (TILA) Affect My Commercial Loan Modification?

A Commercial loan modification is an alteration of an original commercial loan agreement. However, if the original commercial loan agreement violated the Truth in Lending Act (TILA), then it is not enforceable and must be modified. The Truth in Lending … Continue reading

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When to Pursue a Commercial Loan Modification

A commercial loan modification is when the bank or commercial lender agrees to alter or modify the conditions of your commercial loan to make the monthly payments more affordable. This is done through the lower of the interest rate, extending … Continue reading

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Now Is The Time to Pursue a Commercial Loan Modification

Commercial loan modification may allow the commercial loan holder to turn a negative cash flow into a positive by lowering their monthly payment. A commercial loan modification will allow business owners to avoid losing their business and destroying their credit with a bankruptcy or foreclosure. Continue reading

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