Search
-
Recent Posts
Categories
Category Archives: Secured Bank Loans
When in default, do not believe your banks threats or instructions are in your best interest! Ignore them, do what is best for you.
I see it all the time, banks ‘instructing’ its defaulting or late paying borrowers to liquidate themselves for the benefit of the bank. This is silly and you should never take these instructions seriously unless you have negotiated some advantage … Read More
Posted in Debt Workout, SBA Loans, Secured Bank Loans, Unsecured Debt
Tagged: collateral
Leave a comment
What a surprise, the bail out program for the home owner is a bust!
First of all at the moment, the only government backed relief the defaulting homeowners will receive from the government is currently through Fannie Mae and Freddy Mac. This will effect a very small percentage of the problem loans. For reasons … Read More
Posted in Debt Workout, SBA Loans, Secured Bank Loans, Unsecured Debt
Leave a comment
Workouts Are Business Negotiations Not Legal Issues
I have said it before but not loud enough. I talk to so many people who believe the answer to foreclosure process is a legal defense. It is NOT SO. It doesn’t work, it’s a trap and if you go … Read More
Posted in Debt Workout, SBA Loans, Secured Bank Loans, Unsecured Debt, Vendor Debt
Tagged: bankruptcy, debt workout, lawyers, negotiating
2 Comments
Do You Need A Lawyer For An SBA Workout?
Do you need a lawyer for an SBA workout? No, unless the lawyer is experienced in handling SBA workouts, then you are hiring him for the right reason. An SBA workout is based on your financial position and net worth, your … Read More
