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Bank of America Commercial Loan Modification Workout

Bank of America commercial loan modification “in-house” programs offer a variety exciting promises to commercial building owners.  Unfortunately, these promises rarely carry through to the real world.  In most cases, a Bank of America commercial loan modification is much like Santa Claus or the Easter Bunny…a well organized fantasy. Challenges […]

The Difference Between Residential and Commercial Loan Modification

The difference between residential and commercial loan modification can be best understood by thinking of the differences between residential and commercial loans in general. Residential loans and commercial loans are typically originated for the same purpose (to buy or refinance property). However, the similarities in loan structure do not translate […]

Get What you Pay For in a Commercial Loan Modification Service

When businesses face foreclosure, a commercial loan modification service often offers a way out.  Many of these services offer to negotiate with lenders, review mortgage documents, and to offer general assistance in avoiding foreclosure.  While many of these services are run by honest business people, many still are not. A […]

Commercial Building Loan Modifications

A commercial building loan is to a business owner as a mortgage loan is to a homeowner.  A foreclosure, on the other hand, is exactly the same no matter which way you slice it.  A foreclosure, in laymen’s terms, is simply the repossession of collateral in the event that a […]