Category Archives: Secured Bank Loans

Offer in Compromise Accepted in Three Weeks

Posted on December 15, 2010 by Greg Wales

I recently had success in getting a 6% offer in compromise settlement accepted in just three weeks. The client owned a failing restaurant franchise and knew that the end was near. Revenue wasn’t nearly enough to cover the note payment, … Read More

Posted in Debt Workout, Offer in Compromise, Our Employee Blog, SBA Loans, Secured Bank Loans | Leave a comment

Sometimes Foreclosure Can Be A Valuable Tool For The Borrower In Default!

Posted on November 30, 2010 by Donald Todrin

When the facts are lined up, foreclosure can be a wonderful strategy that occasionally works well for us. The purpose can be manyfold. Sometimes, we need to get rid of a difficult or uncooperative subordinate mortgage or lien holder, thus … Read More

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The Banks Will Resort To Sneak Attacks On Occasion.

Posted on November 24, 2010 by Donald Todrin

Yes, it does happen. Occasionally, banks resort to sneak attacks. Despite our best efforts to communicate effectively and set a mutually agreed upon strategy in a workout negotiation, occasionally it will appear that we’re gaining full cooperation and commitment from … Read More

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How To Successfully Navigate The Downturn.

Posted on November 22, 2010 by Donald Todrin

I have written about this subject extensively. In fact, if you visit my home page you will see several different blog topics, one of which is “Navigating the Downturn”. Here, I frequently talk about the four pillars: Downsizing, reinvention, debt … Read More

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Why Lenders Will Never Negotiate Loan Forgiveness

Posted on November 17, 2010 by Donald Todrin

Why won’t lenders negotiate loan forgiveness? The answer is simple and understandable. Despite the logic supporting such a strategy there is one inherent flaw: If a borrower goes into default and is offered an opportunity for debt forgiveness by the bank, … Read More

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